Home Business Japan’s Nikkei 225 leads gains as Asia stocks rise

Japan’s Nikkei 225 leads gains as Asia stocks rise

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SINGAPORE — Shares in Asia rose in Tuesday morning trade after the S&P 500 notched yet another record close on Wall Street overnight.

Japan’s Nikkei 225 led gains among the region’s major markets as it gained 1.07% while the Topix index advanced 0.98%.

Elsewhere, Hong Kong’s Hang Seng index hovered above the flatline.

Hong Kong-listed Chinese tech stocks largely fell, with shares of Tencent down 1.78% while Meituan dropped 2.21%. The Hang Seng Tech index traded 0.58% lower.

Those moves came after the Financial Times reported Didi has indefinitely barred employees from selling their shares. Meanwhile, uncertainty remains over the outlook for Chinese companies looking to pursue overseas IPOs.

In mainland China, the Shanghai composite was slightly higher while the Shenzhen component advanced 0.239%.

South Korea’s Kospi was little changed.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% higher.

Stock picks and investing trends from CNBC Pro:

Markets in Australia are closed on Tuesday for a holiday.

S&P 500 rises to new record again

Overnight stateside, the S&P 500 jumped almost 1.4% to its 69th record close of the year. The tech-heavy Nasdaq Composite also saw robust gains, surging 1.39% to 15,871.26. The Dow Jones Industrial Average climbed 351.82 points to 36,302.38.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.084 — still off levels above 96.6 seen last week.

The Japanese yen traded at 114.84 per dollar, following yesterday’s weakening from levels below 114.5 against the greenback. The Australian dollar was at $0.7233, largely holding on to gains after its rise from below $0.714 last week.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.32% to $78.85 per barrel. U.S. crude futures also gained 0.45% to $75.91 per barrel.


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