Asian stocks open higher following Wall Street

Asian stocks opened higher to follow their US counterpart as investors are pricing the prospects of the Federal Reserve to cut the short-term benchmark interest rates by 25 by the end of this month following the first half of Federal Reserve Governor Jerome Powell's semi-annual testimony before the Congress on Wednesday and on the threshold of the second half of his testimony on Thursday.

Japanese stocks rose during today's trading session, with the broader Topix index rising by 0.21% to win 3.30 points up to the level of 1,574.62, Nikkei 225 also rose by 0.10% to win 20.78 points up to 21,554.26.

China's benchmark index CSI 300 rose by 0.37% (13.91 points) to reach 3,800.65, the Shanghai Composite Index rose 0.38% (11.12 points) reaching 2,926.42 points.

Hong Kong's Hang Seng gained 0.90% (255.26 points) to 28,459.95, and South Korea's Kospi Index rose 1.16% (23.78 points) to 2,082.56.

To the New Zealand's NZX 50 index, which rose 0.32% (33.68 points) to reach 10,683.82. On the other hand, the S&P/ASX 200 index of Australian shares rose by 0.20% (13.21 points) and reached 6,703.00.