Asian stocks mostly closed higher, rebounding from losses Tuesday, while the Stoxx Europe 600 swung between small gains and losses and was last up 0.1%. In Europe, personal and household goods companies led gains, with shares of Adidas jumping 4.5% following an analyst ratings upgrade. In Hong Kong, Tencent’s shares rose 1% after falling by around 3% on Tuesday, triggered by concerns the company’s flagship online games were under fire from Chinese state media. Australian stocks lagged behind, with the S&P ASX 200 down 0.4% after its best session in eight months. Health care and property stocks posted sharp losses, while major banks pared some of the gains that helped drive the wider market Tuesday.

Source: Wall Street Journal July 05, 2017 02:47 UTC