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Asian markets mostly rose Wednesday, with Hong Kong leading the way on reports that China's central bank had pumped more than US$80 billion into the country's five biggest lenders, while traders also awaited a US Federal Reserve policy decision.
A rally on Wall Street increased buying incentives, with US shares helped by the China report as well as a feeling that the Fed will not announce a significant shift in its monetary policy after its meeting.
Hong Kong surged 1.01 per cent and Shanghai was 0.24 per cent higher, while Tokyo rose 0.16 per cent and Seoul put on 0.68 per cent. However, Sydney eased 0.22 per cent.
A report on portal Sina said the People's Bank of China would inject 500 billion yuan (US$81 billion) into the five top state-owned banks, with a view to boosting lending to businesses.
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