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, -0.07% gained 0.2%. The Shanghai Composite SHCOMP, +0.01% advanced 0.3% while the smaller-cap Shenzhen Composite 399106, +0.05% rose 0.3%. South Korea’s Kospi SEU, +0.23% was up 0.2%, while benchmark indexes in Taiwan Y9999, +0.53% , Singapore STI, +0.22% 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, +3.27% 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, +3.16% and Beach Energy BPT, +2.39% rose in Australia.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up here.
