• Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago.
Strong earnings reports in the United States and Europe spurred a broad rally, despite data showing that China’s factory growth slowed to its lowest in two years. Investors rushed into the U.S. dollar, sending it to a 16-month high while the offshore Chinese yuan languished at a 22-month low.
• The Dow Jones Industrial Average .DJI rose 241.12 points, or 0.97 percent, to 25,115.76, the S&P 500 .SPX gained 29.11 points, or 1.09 percent, to 2,711.74 and the Nasdaq Composite .IXIC added 144.25 points, or 2.01 percent, to 7,305.90.
U.S. stocks rebounded for a second day on Wednesday as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits, even as the S&P 500 closed out its worst month in seven years.
The S&P 500 lost 6.9 percent in October, while the Nasdaq shed 9.2 percent, its biggest monthly loss since November 2008.
The Dow lost 5.1 percent for the month, its biggest monthly percentage decline since January 2016.
• The Cboe Volatility Index .VIX, the most widely followed gauge of expected near-term gyrations for the S&P 500, had its lowest close since Oct. 23.
• The MSCI world equity index, which tracks shares in 47 countries, rose 1.3 percent, but remains down 7.3 percent in October, its biggest monthly decline since 2012. The index has dropped approximately 11 percent from all-time highs hit in January.
• Shares in Asia were mixed in the first hours of November trading after a roller coaster October rocked stocks in the region.
• Japan's Nikkei 225 slipped into negative territory in early trade, falling by 0.72 percent while the Topix shed 0.57 percent. Tech giants were in focus, with shares of conglomerate Softbank diving more than 6 percent and Panasonic plunging almost 10 percent.
In Australia, the benchmark ASX 200 gained 0.28 percent in morning trade, with the materials sector advancing 1.86 percent. Shares of major miners saw gains: Rio Tinto was up 1.92 percent, Fortescue Metals advanced 1.63 percent and BHP Billiton jumped 4.86 percent.
Meanwhile, South Korea's Kospi saw gains of 0.42 percent.
Reference: Reuters, CNBC