HONG KONG (MarketWatch) — Asian stocks were on the rise early Wednesday, although gains were relatively shallow compared to the overnight rally on Wall Street, with investors in Japan taking a cautious stance after a business sentiment survey found the mood among large companies turned negative for the first time in five years. Japan’s Nikkei 225 was up 1% at 11,374.92, while Australia’s S&P/ASX 200 was up 3.5% to 4,758.4 and South Korea’s Kospi index fell 0.5% to 1,440.86. New Zealand’s NZSX-50 added 3.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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