A sea of red screens can be seen around Asia as markets continue to rise, including in China, building on positive performance yesterday and a strong finish by markets in the US.
The Shanghai Composite rose as much as two per cent in mid-morning trading, gaining on the 5.4 per cent it rose yesterday. Japan's Nikkei was trading over three per cent higher in early afternoon trade, while Hong Kong's Hang Seng was up 0.5 per cent.
Inflation data from Japan also showed the country was able to avoid slipping into deflation, which has further encouraged markets. Japan's retail trade also grew for a fourth consecutive month, increasing 1.6 per cent in July from a year earlier.
Yesterday markets across Europe also closed up, with the FTSE gaining £60bn in one day, having lose £72bn on Monday.