Asian stocks gained on Thursday, tracking Wall Street, which ended overnight on a positive note, bolstered by the surge in quarterly earnings that shifted focus away from macroeconomic headwinds. The spillover of the earnings-led enthusiasm to the Asian bourses came despite concerns on the impact of the lockdowns in China and the interest rate hardening worldwide.
China's Shanghai Composite Index climbed 17.20 points or 0.6 percent to finish at 2,975.48. The day's trading ranged between 2,936.79 and 2,991.51. The Shenzhen Component Index, however, dropped 0.2 percent to close at 10,628.92.
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