Asian stocks were largely higher in early trading Tuesday, a day after widespread regional declines following Turkey’s currency crisis.
Japan’s Nikkei NIK, +1.17% led the way, up 1.2%, driven by the yen’s overnight pullback. Export-heavy names performed the best, with Sony 6758, +1.27% and Honda 7267, +1.07% in the green. Tokyo Electron 8035, +1.59% erased half of yesterday’s 3% slide.
Korea’s Kospi SEU, +0.19% edged up 0.2%, with mixed results from tech names, as Samsung 005930, +0.44% rose but LG Electronics 066570, -4.33% tumbled.
Chinese stock benchmarks lagged others in the region. The Shanghai Composite SHCOMP, -0.53% was up 0.1% and the Shenzhen Composite 399106, -0.56% was about flat. Birth-related stocks were generally higher, anticipating a subsidized policy on couples having a second child, while gold names were lower amid the metal’s overnight skid..
Hong Kong’s Hang Seng HSI, -1.01% was down 0.4%. Tencent 0700, -3.82% fell 2% after Beijing blocked sales of the company’s new videogame. The tech company is due to report second-quarter results Wednesday.
Australia’s ASX 200 XJO, +0.70% was up 0.8% and New Zealand’s NZX-50 NZ50GR, +0.38% gained 0.3%. Taiwan’s Taiex Y9999, +0.24% was up as well, while Singapore’s Strait Times Index STI, -0.20% dipped.
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