Stocks in major Asian stock markets closed higher on Tuesday, with stocks in Japan leading in the region.
In Japan, the Nikkei 225 returned after a long weekend to soar 531.04 points, or 2.6%, to 20,864.21.
Shares of Fast Retailing rose 3% while chip company Renesas Electronics skyrocketed 16.3%. The Japanese yen traded at 110.49 U.S. against the dollar after seeing an earlier low of 110.64.
In Hong Kong, the Hang Seng gained 27.49 points, or 0.1%, Tuesday to 28.171.33
Korea’s markets regained strength, as shares of industry heavyweight Samsung Electronics gained 2.3%, and chipmaker SK Hynix jumped 2.4%. LG Electronics gained 3.8%.
Australian markets also recouped some of their strength. The energy sub-index gained 1.2% as shares of oil companies advanced. Santos was up 1.9%, Woodside Petroleum advanced 0.6% and Beach Energy rose 2.1%.
The Australian dollar was at $0.7084U.S. after touching an earlier low of $0.751.
In China, the CSI 300 advanced 23.87 points, or 0.7%, to 3,330.34
Markets overnight on Wall Street were tepid, as investors considered the possibility of a trade deal being struck between the U.S. and China. Officials from Washington and Beijing will continue talks this week with a focus on intellectual property.
In other markets
In Korea, the Kospi index inched up 9.74 points, or 0.5%, to 2,190.47
In Singapore, the Straits Times Index reversed 5.12 points, or 0.2%, to 3,201.15
In Taiwan, the Taiex Index leaped 93.49 points, or 0.9%, to 10,097.74
In New Zealand, the NZX 50 hiked 70.77 points, or 0.8%, to 9,280.77
In Australia, the ASX 200 recovered 18.23 points, or 0.3%, from Monday’s loss to 6,079.08
This article provided by NewsEdge.