Hong Kong stocks rebounded Tuesday to lead gains in Asia markets, while Japan’s key index was marginally lower after the Bank of Japan kept its monetary policy unchanged in its first policy meeting of the year.
In Japan, the Nikkei 225 tailed off from its recent highs, docking 29.38 points, or 0.1%, to 36,517.57.
In Hong Kong, the Hang Seng index regained 392.80 points, or 2.6%, to 15,353.98, with tech stocks leading the charge. Bloomberg reported that Chinese authorities were considering a stimulus package worth two trillion yuan ($278.53 billion U.S.) to stabilize the country’s stock markets.
Videogame stocks in Hong Kong rose after China’s gaming authority removed draft rules from its website. The measures proposed last month would have restricted spending and rewards for playing video games. The regulator’s website, however, was unavailable as of Tuesday.
Australian markets marked a third straight day of gains.
In other markets
In Shanghai, the CSI 300 moved higher 13.03 points, or 0.4%, to 3,231.93, rebounding off a near-five-year low.
In Singapore, the Straits Times Index dipped 13.87 points or 0.4%, to 3,135.25.
In Taiwan, the Taiex gained 59.49 points, or 0.3%, to 17,874.59.
In Korea, the Kospi index recouped 14.26 points, or 0.6%, to 2,478.61.
In New Zealand, the NZX 50 soared 117.94 points, or 1%, to 11,802.88.
In Australia, the ASX 200 gained 38.38 points, or 0.5%, to 7,514.94.