In Asia, Australian S&P/ASX 200 futures were up 0.5%, while Japan's Nikkei 225 futures were up 0.2% but down 0.6% from the underlying index's Tuesday close.Hong Kong's Hang Seng index futures were down 0.3%. U.S. retail sales jumped a record 17.7% in May, blowing past the 8% increase analysts expected and supporting views the U.S. recession might be drawing to an end.
WASHINGTON: Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May.
The prospects of fresh support from the Federal Reserve and Bank of Japan also supported global equity markets.
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