SINGAPORE — Shares in Asia-Pacific rose in Wednesday trade, with stocks in Hong Kong leading gains regionally.

The city will be closed Wednesdays Hang Seng indexHong Kong shares rose 1.97% after Chinese tech stocks recovered from Tuesday losses. Stocks in AlibabaWhile the average was 6.12%, it jumped to 6.12% TencentReceived an increase of 2.21% NeteaseAdvanced 3.92%

Chinese stock markets also rose in response to the Shanghai compositeUp 0.4% Shenzhen component advancing 0.681%.

Japan is home to the Nikkei 225Topix Index climbed by 0.97%, while it gained 1.06%. The shares of SoftBank GroupAfter the Japanese conglomerate’s Tuesday announcement, shares rose 5.21% announced plans to take Arm public following the collapse of a planned sale of the unit to Nvidia.

Elsewhere, the S&P/ASX 200 in Australia climbed 0.79% as bank stocks jumped: Commonwealth Bank of Australia (CBA)Inflation rose to 5.32% WestpacGained 2.38% Australia and New Zealand Banking GroupAdvanced 1.74% National Australia BankIt rose by 1.84%

CBA Monday reported a rise in profits for the first half and an increase of share buy-backs to 2 billion Australian Dollars ($1.43billion).

South Korea KospiAlso advanced by 0.73%

MSCI’s Asia-Pacific broadest index, which excludes Japan, grew 1.28%.

Overnight stateside, the Dow Jones Industrial Average surged 371.65 points to 35,462.78 while the S&P 500 advanced 0.84% to 4,521.54. The Nasdaq Composite rose 1.28%, to approximately 14,194.46.

Investors are awaiting the U.S. Consumer Inflation data, which is expected to be released Thursday. This will provide clues as to how the Federal Reserve might react in the face of rising prices.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.504 — still off levels above 96 seen last week.

The Japanese yenThe dollar traded at 115.37 dollars, after falling from below 115 earlier in the week. The Australian dollarChanged hands at $0.716, against a $0.7139 low.

With international benchmark oil prices, the after-hours trading in Asia was more volatile than usual. Brent crude futuresUp to 0.422% to $91.16 a barrel U.S. crude futuresThe barrel price increased by 0.36% to $89.68

Correction: This article has been revised to reflect market movement in Asia Pacific on Wednesday.