Markets in Asia-Pacific mixed

Markets in Asia-Pacific were mixed on Thursday following Wall Street's solid rebound rally overnight in the best day since August 10 for all three averages, reports CNBC.
Investors were also closely watching Federal Reserve Chair Jerome Powell's speech on the day as markets brace for another 75 basis-point hike later this month.
Japan's Nikkei 225 closed 2.31 per cent higher at 28,065.28 and the Topix was also 2.19 per cent higher at 1,957.62. In Australia, the S&P/ASX 200 ended its session 1.77 per cent higher at 6,848.7 and the Kospi in South Korea rose 0.33 per cent at 2,384.28.
In mainland China, the Shanghai Composite struggled to find direction and was 0.33 per cent lower while the Shenzhen Component traded 0.86 per cent lower. The Hang Seng Index also slipped 1 per cent in the final hour of trade while the Hang Seng Tech Index also fell 1 per cent.
Meanwhile, European markets lost early gains Thursday as most sectors slipped into the red with all eyes on the European Central Bank after it announced a 75 basis point interest rate rise.