Asian stock markets were largely up to start Tuesday’s trading following fresh gains to begin the week on Wall Street.
Chinese indexes jumped out to near-1% gains in early trading after hitting fresh multiyear lows Monday as the U.S.-China trade fight continues. The Shanghai Composite
SHCOMP, +1.36%
was last up 1% and the smaller-cap Shenzhen Composite
399106, +1.31%
was up 0.9%. Hong Kong’s Hang Seng
HSI, +0.77%
advanced 0.6%, Casino stocks were among the biggest gainers, with Galaxy Entertainment
0027, +0.09%
and Sands China
1928, +1.75%
advancing. Tech industry heavyweight Tencent
0700, -0.28%
dipped 0.5%.
Japan’s Nikkei
NIK, +0.24%
was up 0.2%, helped by SoftBank’s
9984, +6.75%
quarterly earnings report late Monday. Shares of the tech firm were up 6.7%, on pace for their best day in 14 months, after a delayed opening due to a rush of buyers.
South Korea’s Kospi
SEU, +0.25%
advanced behind solid gains by Samsung
005930, +1.86%
and SK Hynix
000660, +1.13%
. Taiwan’s Taiex
Y9999, -0.12%
slipped as Taiwan Semiconductor
2330, -0.61%
recovered from a weekend virus that shut some of its factories. Indexes in Singapore
STI, +1.41%
and Malaysia
FBMKLCI, +0.36%
posted gains.
Stocks were lower Down Under, though. Australia’s benchmark
XJO, -0.43%
was off 0.4% as investors bailed on sales-financing firm Eclipx
ECX, -45.07%
after it halved its yearly profit outlook. Shares have plunged 44% to a record low of A$1.71. New Zealand’s NSX-50
NZ50GR, -0.12%
was down fractionally.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
Source : MTV
