Energy and raw material shares were up around 1 percent, helped by a strong rebound in commodity prices, with rebar and coke futures soaring around 5 percent and 7 percent respectively at one point on Wednesday. Most sectors advanced, with information technology stocks the biggest performer, up 2 percent. Shares in index heavyweight Tencent Holdings Ltd, the industry bellwether, gained more than 2 percent after touching a 5-1/2-month low in the previous session. Investors welcomed Tencent's plan to use platform services of a digital mapping company controlled by Germany's leading car makers in its products, after sealing a deal to buy stake in the company.
Energy and raw material shares were up around 1 percent, helped by a strong rebound in commodity prices, with rebar and coke futures soaring around 5 percent and 7 percent respectively at one point on Wednesday. Most sectors advanced, with information technology stocks the biggest performer, up 2 percent. Shares in index heavyweight Tencent Holdings Ltd, the industry bellwether, gained more than 2 percent after touching a 5-1/2-month low in the previous session. Investors welcomed Tencent's plan to use platform services of a digital mapping company controlled by Germany's leading car makers in its products, after sealing a deal to buy stake in the company.