Asian stocks rallied Tuesday, following strong gains on Wall Street that snapped five straight days of losses. Investors may have also been buoyed by increased optimism over a Brexit vote in the British Parliament later in the day after Prime Minister Theresa May won last-minute concessions from the EU on the so-called Irish backstop.
Japan’s Nikkei
NIK, +2.04%
gained 1.9% and Hong Kong’s Hang Seng index
HSI, +1.46%
rose 1.4%. On the Chinese mainland, the Shanghai Composite
SHCOMP, +1.61%
advanced 1.5% while the smaller-cap Shenzhen Composite
399106, +1.94%
rose 1.7%. South Korea’s Kospi
SEU, +0.83%
nudged up 0.9% and Australia’s S&P/ASX 200
XJO, +0.31%
inched up 0.3%. Indexes rose in Taiwan
Y9999, +1.21%
and Singapore
STI, +0.97%
, but Indonesia
JAKIDX, -0.26%
was slightly in the red.
Among individual stocks, Hitachi
6501, +4.50%
surged in Tokyo trading, as did Nintendo
7974, +3.87%
, Sony
6758, +2.63%
and Fast Retailing
9983, +2.75%
. Telecom China Mobile
0941, +1.39%
and insurer AIA
1299, +1.95%
gained in Hong Kong, while Samsung
005930, +2.52%
rose in Korea. Energy stocks such as Santos
STO, +2.50%
and Beach Energy
BPT, +3.50%
advanced again in Australia.
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Source : MTV
