Asian stock markets largely advanced Tuesday following fresh gains to begin the week on Wall Street.
Chinese indexes took the lead among advancers after hitting fresh multiyear lows Monday as the U.S.-China trade fight continues.
The Shanghai Composite SHCOMP, +2.74% jumped 2.7% and the smaller-cap Shenzhen Composite 399106, +2.75% was up 2.7%. Hong Kong’s Hang Seng HSI, +1.54% advanced 1.5%. Casino stocks were among the biggest gainers, with Galaxy Entertainment 0027, +1.87% and Sands China 1928, +3.23% advancing. Tech industry heavyweight Tencent 0700, +1.13% dipped initially before reversing to post a 1.1% gain at the close.
Read: What China’s central bank’s latest move means for the yuan
Japan’s Nikkei NIK, +0.69% was up 0.6%, helped by SoftBank’s 9984, +6.54% quarterly earnings report late Monday. Shares of the tech firm were up 6.5%, logging their best day in 14 months, after a delayed opening due to a rush of buyers.
South Korea’s Kospi SEU, +0.60% advanced behind solid gains by Samsung 005930, +1.97% and SK Hynix 000660, +1.64% .
Indexes in Singapore STI, +1.66% and Malaysia FBMKLCI, +0.64% posted gains.
Taiwan’s Taiex Y9999, -0.37% was a rare decliner, dropping as Taiwan Semiconductor 2330, -1.63% fell 1.6%, continuing its retreat after a weekend virus that shut some of its factories.
Stocks were lower Down Under, as well. Australia’s benchmark XJO, -0.30% was off 0.3% as investors bailed on sales-financing firm Eclipx ECX, -40.79% after it halved its yearly profit outlook. Shares plunged over 40% to a record low of A$1.65 intraday and closed at A$1.80. New Zealand’s NSX-50 NZ50GR, -0.31% was down fractionally.
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