Asian markets largely gained in early Tuesday trading, a day after a regional sell-off sparked by fresh worries of a coming U.S. recession.
Japan’s Nikkei NIK, +1.91% was last up 1.8%, after sliding 3% Monday. Hong Kong’s Hang Seng index HSI, +0.14% rose 0.2%, while the Shanghai Composite SHCOMP, -0.99% was down 0.3%. South Korea’s Kospi SEU, +0.17% advanced 0.2%, and benchmark indexes in Taiwan Y9999, +0.43% , Singapore STI, +0.77% and Indonesia JAKIDX, -1.75% gained. Australia’s S&P/ASX 200 XJO, +0.19% was about flat.
Among individual stocks, Nintendo 7974, +4.53% jumped in Tokyo trading after a report that the videogame company plans to launch two new versions of its Switch gaming console this summer. Toyota 7203, +1.54% and oil producer Inpex 1605, +3.14% also gained. In Hong Kong, oil company CNOOC 0883, +1.63% and tech-component maker Sunny Optical 2382, +2.09% rose. Samsung 005930, -0.66% declined slightly in Korea after warning it would miss quarterly earnings expectations due partially to weaker chip sales. Shares of ASUSTEK 2357, +1.14% , which makes ASUS computers, rose in Taiwan despite a report that tens of thousands of its computers had been infected by a malicious auto-update virus. Oil Search OSH, -1.44% and Woodside Petroleum WPL, -1.06% slipped in Australia.
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