Asia-Pacific stocks bounce as investors assess omicron Covid variant concerns; oil prices jump 2% - CNBC

Hong Kong's Hang Seng index also saw robust gains, rising 1.4% after falling the day before.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.3%.

A private survey released Wednesday showed Chinese factory activity shrinking in November, with the Caixin/Markit manufacturing Purchasing Managers' Index coming in at 49.9 for that month.

China's official manufacturing Purchasing Managers' Index for November came in at 50.1 on Tuesday, above expectations by analysts in a Reuters poll for a reading of 49.6.

JPMorgan picks 'high-quality' Japanese stocks to buy after recent sell-off.

dollar index, which tracks the greenback against a basket of its peers, was at 95.933 after a recent drop from above 96.5.

The Japanese yen traded at 113.46 per dollar after a recent weakening from below 113 against the greenback