Asian shares rallied on Thursday with a decline in US Treasuries pointing to a tentative recovery in risk appetite that had been hammered by the escalating war in the Middle East.

In Hong Kong, the benchmark Hang Seng Index opened up 334 points, or 1.3 percent, at 25,583.

The China enterprises index was 93 points, or 1.1 percent, up at 8,577 while the tech index was 77 points, or 1.6 percent, at 4,907.

Up north, the benchmark Shanghai Composite Index opened up 0.67 percent at 4,109.

The Shenzhen Component Index was 1.74 percent higher at 14,160 while the ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, was up 2.27 percent at 3,236.

In Tokyo, the Nikkei 225 Index ⁠rose 3.9 percent to 56,356 at one point in mid-morning trades, a day plunging to a ‌one-month low. The broader Topix ⁠climbed ‌3.7 percent to 3,769.

South Korea's benchmark Kospi surged as much as 12 percent, swiftly erasing almost all of its worst-ever daily drop ⁠a day earlier by climbing to 5,685 at ⁠the open, regaining most of Wednesday's 12.06 percent loss.

"Geopolitical risk can flare up again very quickly, so any early gains we see this morning across Asia-Pacific region share markets may not last," Paco Chow, dealing manager at Moomoo Australia and New Zealand, ⁠said in a note.

"The outlook will remain cautious until we see oil flows return to ⁠normal." (Reuters & Xinhua)



Edited by Robert Kemp