Asian stocks gained by the close on Tuesday as Mainland Chinese shares led major Asia markers in making gains.
- The Shanghai composite bounced 1.27% to close at 3,022.42, and the Shenzhen composite jumped 1.30% to 1,708.41 while the Shenzhen component was up 1.45% to 10,306.03.
- Hong Kong’s Hang Seng index was also up 1.06% in its final hour of trade. Tech stocks gained, with Tencent up 2.83%. Shares of Meitu, a popular photo-editing app in China, rocketed 7%.
- In Japan, the Nikkei 225 added 0.47% to close at 24,066.12 while the Topix index gained 0.59% to 1,747.20.
- The Kospi in South Korea jumped more than 1% to close at 2,195.68. Shares of industry heavyweight Samsung Electronics were up by 3.66%, while chipmaker SK Hynix soared 4.74%.
- Meanwhile, Australia’s S&P/ASX 200 closed flat at 6,847.30.
- Overall, the MSCI Asia ex-Japan index jumped 0.91%.
- The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.126 after touching lows below 97.0 yesterday.
- The Japanese yen traded at 109.55 against the dollar, having weakened sharply from levels below 108.8 late last week.
- The Australian dollar last changed hands at $0.6870.
Oil prices gained in the afternoon of Asian trading hours.
- Brent crude futures up 0.11% at $65.41 per barrel.
- U.S. crude futures also edged up fractionally to $60.27 per barrel.