Asian markets were brought up by declining tech stocks in the stateside

Asian indexes pulled up

Most of the Asian stocks settled higher on Tuesday’s close driven by the declines from technology stocks in the United States.

South Korean benchmark Kospi index added as much as 16.83 points or 0.71 percent to settle at 2,374.7. The Australian ASX 200 gained 94.996 points or 1.67 percent to finish at 5,772.8. However Japanese benchmark Nikkei 225 inched lower by 0.05 to finish the session at 19,898.75. Markets were pulled higher by the gains from financials sub-index and trading 2.39 percent up.

Markets in China were also on the green with the Shenzhen Composite adding 23.1189 or 1.259 percent to settle at 1,859.881 while the Shanghai Composite finished the day adding 14.5024 or 0.46 percent at 3,154.379. In Hong Kong, the Hang Seng index rose about 0.35 percent

Also in Asia, Japanese tech stocks were mostly lower. Yahoo Japan slipped about 2.05 percent and sharp lost 2.56 percent in shares. Fujitsu, however, jumped by 1.6 percent.

Hyundai in South Korea advance by 1.23 percent after reports that the automaker would be exporting its Kona SUV model to the United States and Europe later this 2017. According to Reuters, the said SUV will cover 390 kilometres per charge.

Ten Network, media firm in Australia requested its shares to be blocked from trade following the statement of the company’s guarantors saying they didn’t mean to extend support for Ten Network’s credit facilities. Also in the Down Under, gaming group Crown Resorts, charged several of their employees in China for the “promotion of gambling”. Its shares were higher by 0.62 percent.


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