Asian Market Update

Asian markets rose on Wednesday, supported by record gains in US share markets after stellar growth figures from the world's top economy.

Tokyo opened 1.17 per cent higher, Hong Kong added 0.15 per cent, Seoul gained 0.38 and Sydney rose 0.22 per cent in morning trade.

Shanghai rebounded slightly after a three per cent drop the previous day, edging up 0.22 per cent.

Trade was thin ahead of the Christmas holiday, with half days in Hong Kong and Australia's financial markets.