New York - Wall Street stock indices climbed on Wednesday as positive technology and mining-sector news eclipsed a poor earnings report from mortgage giant Freddie Mac.

Cisco Systems Inc, the largest producer of networking equipment, reported fourth-quarter profits that were slightly better than expected while revenue had come in above 10 billion dollars for the first time.

Microsoft Corp improved after a UBS AG analyst predicted the software giant was preparing to buy back 20 billion dollars in stock over the coming thee months.

Seoul - Shares jumped 2.8 per cent Wednesday on the

The 30-share index BSE Sensex continued its positive rally on account of good buying action witnessed across sectors.

However, a few blue chip stocks went down sharply on selling pressure.  

At 1:17 p.m, the BSE Sensex gained 265.07 points at 15,226.14, while NSE Nifty stood at 4566.25, up 63.40 points.

The overall market breadth was positive.

Manila - Philippine share prices soared 3.64 per cent on Wednesday as investors cheered sliding oil prices and Wall Street's overnight gains.

The 30-share composite index of the Philippine Stock Exchange added 94.83 points to close at 2,697.21, from Tuesday's finish of 2,602.38.

A total of 4.53 billion shares worth 3.66 billion pesos (83.56 million dollars) were traded.

Advancers led decliners 107 to 21, while 39 issues were unchanged.

Taipei - The Taipei stock market rose nearly 2 per cent Wednesday on a Wall Street rebound overnight.

Indian equities closed on an encouraging note, on Tuesday (August 05), on the back of good buying action seen across all segments, with Bankex (6.65%) and Realty (6.56%) sectors being the major gainers among the sectoral indices.

Volatility jitters, which were seen during the early trading sessions, turned down in the late closing sessions with markets zooming 383.20 points.

BSE Midcap and Smallcap index closed the day positively after gaining 1.76% and 1.26% respectively.

Asian stocks reported a declension with mining companies being in the front line.