U.S. stocks climbed on Wednesday, recovering from early declines on gains in energy and financial shares, but investors remained leery about the potential for another flare-up in the U.S.-China trade war.
The Dow rose 1-percent to 26-thousand and 36, the S&P 500 gained point-6 percent and the Nasdaq Composite added four-tenths of a percent.
On the Korean bourse, shares closed firmer on Wednesday as investors flocked to pharmaceutical stocks following a sharp sell-off in recent days.
The benchmark KOSPI closed up nine-tenths of a percent at 19-41 while the tech-heavy junior KOSDAQ added 2-and-a-half percent.
In the commodity market,
The sign of healthy demand quelled to some extent the fears of a severe economic downturn prompted by the inversion of the U.S. Treasury yield curve, which has historically been a highly accurate predictor of a U.S. recession.
U.S. crude settled 1-and-a-half-percent higher to 55-dollars and-78 cents per barrel and Brent settled at 60-49 up 1.6-percent on the day.