Asia-Pac stocks have rebounded on............>

STOCKS: Asia-Pac stocks have rebounded on Wednesday after the rout on Tuesday,

traders utilising the drop to indulge in some bargain hunting. In Japan the

Nikkei 225 is up 424 points at 22,035, during the 3-day decline the Nikkei 225

dropped over 7%. Investors note that the relative strength index indicated

oversold levels. Data saw Japanese average wages rose 0.7% to post the 5th

straight rise, but real wages dipped slightly. All 11 sectors on the Nikkei 225

are in the green led higher by Energy as oil gains post API inventory data. As

well as bargain hunting, a strong earnings season is helping gains, around 60%

of Japanese companies that have reported so far have beat street estimates.

- In China the Shanghai Comp is lower by 27 points at 3,343, bucking the upward

trend for Asia stocks. After trending sideways early in the session a sell off

in the property sector sparked bearish sentiment, showing stocks are still

vulnerable to further sales. In Hong Kong the Hang Seng is up 421 points at

31,018. In Australia the ASX 200 is up 60 points at 5,894, again seeing upside

after the rout earlier this week. In the US futures are slightly lower after

rising during the session on Tuesday.