Asia stocks rise on the back of an overnight bounce on Wall Street
Overnight on Wall Street, major stock indexes saw their best day since March after the release of strong quarterly results from some of the largest U.S. companies. Stocks in Asia were broadly higher on Wednesday following a bounce on Wall Street overnight on strong U.S. earnings. China's holdings of Treasury bills, notes and bonds fell to $1.165 trillion, from $1.171 trillion in July, according to U.S. Treasury data.