Asia-Pacific markets open higher following negative start to the week

In Asia


Visitors stands in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020.

Toru Hanai | Bloomberg via Getty Images

Shares in the Asia-Pacific were higher on Tuesday after sharp falls on Monday.

The Nikkei 225 in Japan rose 0.65%, and the Topix index gained 0.66%. In Australia, the S&P/ASX 200 added 0.46%.

South Korea’s Kospi was marginally up, and the Kosdaq gained 0.64%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was about flat. China will be reporting its industrial profits data later Tuesday.

Overnight in the U.S., major stock indexes dropped. The S&P 500 slipped 1.03% to 3,655.04, a new closing low for 2022. The Dow Jones Industrial Average fell into a bear market after it lost 329.60 points, or 1.11%, to 29,260.81. The Nasdaq Composite shed 0.6% to 10,802.92.

“The sell-off in bonds and equities continued as sterling’s weakness highlighted the fragility of markets to policy uncertainty,” ANZ Research analysts wrote in a Tuesday note, a day after the pound hit a record low.

— CNBC’s Sarah Min and Tanaya Macheel contributed to this report.



Read More: Asia-Pacific markets open higher following negative start to the week

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