Asian shares were mostly higher Tuesday after U.S. stocks stormed back from sharp losses to log strong gains.
In Tokyo, the Nikkei 225 JP:NIK rose 0.7%, while the Kospi KR:180721 in Seoul gained 0.6%. Hong Kong’s Hang Seng HK:HSI gained 1.9% and the Shanghai Composite index CN:SHCOMP climbed 0.9%. After being closed for a holiday Monday, Australia’s S&P/ASX 200 AU:XJO sank 1.8. Stocks rose in Taiwan TW:Y9999 but declined in Singapore SG:STI and Indonesia ID:JAKIDX.In Tokyo, the Nikkei 225 NIK rose 0.7%, while the Kospi 180721 in Seoul gained 0.6%. Hong Kong’s Hang Seng HSI gained 1.
The government has recently lifted most COVID restrictions as case numbers have abated after a wave of the omicron variant. The week started out on a downbeat note, particularly in China, over fears that strict lockdown measures there might further crimp the world’s second-largest economy, potentially hurting global economic growth.
US. benchmark oil CLM22 gained 60 cents to $99.14 per barrel in electronic trading on the New York Mercantile Exchange. It lost $3.53 to $98.54 on Monday.
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