Shares in the Asia-Pacific were mostly higher on Tuesday following the meeting between its president Xi Jinping and U.S. President Joe Biden.
In Japan, the Nikkei 225 regained 26.7 points, or 0.1%, to 27,990.17, as the nation’s economy unexpectedly contracted in the third quarter, official data showed.
In Hong Kong, the Hang Seng screamed higher 723.41 points, or 4.1%, to 18,343.12, lifted by the Hang Seng Tech index that climbed 7.3%.
Tencent rose 7.6%, Meituan gained 5.9%, and Alibaba rose 9%. The Hang Seng Tech index was up around 4%.
CHINA
In Shanghai, the CSI 300 jumped 71.95 points, or 1.9%, to 3,865.97, as the country’s industrial production and retail sales data fell short of expectations.
The moves come despite disappointing activity and retail sales data from China, and following U.S. President Joe Biden and Chinese President Xi Jinping’s meeting ahead of the G-20 summit in Bali.
Private investment firm Safanad’s chief strategist John Rutledge said the discussion between the two leaders went “much better” than expected, though he mostly credited that to low expectations.
In other markets
In Taiwan, the Taiex hiked 371.41 points, or 2.6%, to 14,546.31.
In Korea, the Kospi index inched up 5.68 points, or 0.2%, to 2,480.33.
In Singapore, the Straits Times Index moved higher 14.48 points, or 0.4%, to 3,275.28.
In Australia, the ASX 200 slid 4.71 points, or 0.1%, to 7,141.63.
In New Zealand, the NZX 50 eked up 7.17 points, or 0.7%, to 11,239.14.