Asian markets rose modestly in early trading Tuesday, adding on to Monday’s big gains as encouraging economic data from China tempered fears of a global economic slowdown.
Japan’s Nikkei
NIK, +0.31%
rose 0.3% and Hong Kong’s Hang Seng
HSI, -0.02%
gained 0.2%. The Shanghai Composite
SHCOMP, +0.09%
advanced 0.3% while the smaller-cap Shenzhen Composite
399106, +0.19%
rose 0.3%. South Korea’s Kospi
SEU, +0.19%
was up 0.2%, while benchmark indexes in Taiwan
Y9999, +0.56%
, Singapore
STI, +0.27%
and Indonesia
JAKIDX, -0.19%
all gained. Australia’s S&P/ASX
XJO, +0.35%
200 rose 0.5%
Among individual stocks, robotics maker Fanuc
6954, +3.67%
gained in Tokyo trading, as did Honda
7267, +1.24%
, while SoftBank
9984, -1.38%
and Sony
6758, -0.97%
fell. In Hong Kong, casino operator Galaxy Entertainment
0027, +2.82%
and tech giant Tencent
0700, +0.66%
rose, while oil producer CNOOC
0883, -1.87%
declined. Samsung
005930, +1.55%
rose in Korea, and Apple Inc.
AAPL, +0.68%
component maker Foxconn
2354, +1.41%
advanced in Taiwan. Fortescue Metals
FMG, +3.10%
and Beach Energy
BPT, +1.91%
rose in Australia.
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Source : MTV