Asian stocks ended mixed on Wednesday despite U.S. stocks hitting record highs overnight on expectations that a tax reform plan will get passed this year.
Chinese shares posted modest gains to finish near 20-month highs after a survey showed investors were optimistic about economic conditions in August.
The benchmark Shanghai Composite index inched up 4.66 points or 0.14 percent to 3,384.15 while Hong Kong’s Hang Seng index was down 86 points or 0.31 percent at 27,881 in late trade.
Japanese shares rose for a third consecutive session as the dollar extended its sharp rally against the yen on easing concerns over North Korea and U.S. hurricanes. The Nikkei average rose 89.20 points or 0.45 percent to 19,865.82, while the broader Topix index closed up 0.61 percent at 1,637.33.
Exporters Hitachi and Panasonic jumped 3-4 percent. Apple supplier Nidec rallied 3.5 percent after Apple…