Hong Kong, China Lead Asia Upward - InvestingChannel

Hong Kong, China Lead Asia Upward

Asia-Pacific markets rose across the board as Wall Street came off a winning day on Monday. Hong Kong and Mainland Chinese stocks led gains in Asia, extending their Monday gains.

In Japan, the Nikkei 225 index gained 56.98 points, or 0.2%, to 32,226.97.

The country’s unemployment rate for July also came in higher than expected, at 2.7% compared with the 2.5% expected in a Reuters poll.

In Hong Kong, the Hang Seng gushed 353.29 points, or 2%, to 18,484.03.

Shares of embattled property developer China Evergrande continued their slide on Tuesday, after falling nearly 80% on Monday.

Tuesday was the stock’s second full day of trading since resuming Monday after 17 months of suspension.

In other markets

The CSI 300 took on 37.49 points, or 1%, to 3,790.11, powered by tech stocks.

In Taiwan, the Taiex index peeked higher 27.68 points, or 0.2%, to 16,509.26.

In Korea, the Kospi index hiked 8.75 points, or 0.3%, to 2,552.16.

In Singapore, the Straits Times Index added 9.41 points, or 0.3%, to 3,223.09.

In New Zealand, the NZX 50 leaped 49.11 points, or 0.4%, to 11,528.12.

In Australia, ASX 200 strengthened 50.62 points, or 0.7%, to 7,210.46.

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