Market Update
Shares in Asia rose Tuesday as stocks bounced back after a day of heavy selling yesterday.
At close, Japan's Nikkei, China's Shanghai Composite and Australia's ASX added 0.1% to 0.2%. Hong Kong's Hang Seng and India's Sensex were the big gainers in the region, climbing 1.7% and 1.2%, respectively.
Equities rose, taking back some of Monday's losses, despite Wall Street's negative close overnight, as investors came back to buy beaten-down assets.
Stocks on the Move
In Tokyo, technology stocks rose after Hitachi sold a hard-disk unit to Western Digital for $3.2 billion. Shares in Hitachi rose 1.8%.
In Hong Kong, property developers led the index higher. Sun Hung Kai Properties jumped 1.8%.
While in China, stocks turned higher from negative territory in the later part of the day, helped by strength in banks. Bank of China, Industrial and Commercial Bank of China and China Merchants Bank gained 0.2% to 0.5%.
Indian stocks advanced after coalition talks between the leading Congress party and one of its allies after a state election appeared to resume after a deadlock.
Infrastructure firm Jaiprakash Associates gained 2.4%.
While in Sydney, banks witnessed buying while miners were mixed. National Australia Bank, ANZ Bank and Westpac Banking climbed 0.6% to 1.2%.