Equities in Asia gained in Tuesday’s trade, markets are benefiting from Wall Street’s strong lead and investors’ risk aversion is subsiding.
Japan’s Nikkei 225 was up by 1.31 percent as the dollar strengthened against the yen; this was after the index ended the previous session lower be almost 1 percent in. In Australia, the S&P/ASX 200 was stuck on 0.44 percent, with the index mostly lifted by gains from its information technology, telecommunication services and Australian real estate investment trusts sub0indexes. The heavily weighted financials sub-index is also up by 0.36 percent.
The U.S. Dollar mostly stood its ground against a basket of major currencies which is followed by sign of overnight gains. The dollar index was found at 93.500 by noon, the greenback also firmed against the Yen, with the U.S. currency was last seen trading at 110.25 Yen, slithering back up to the 110 levels which were seen before the geopolitical tensions sparked last week.
Chinese markets are also riding the upward wave, Hong Kong’s Hang Seng Index was up by 0.40 percent while in Mainland China indexes are holding onto gains that was made in the previous session. The Shanghai Composite was up by 0.66 percent while the Shenzhen Composite inched higher by 0.289 percent.
The gains is Asia came after major indexes in the U.S. ended the Monday’s session with a great move towards positive positions as investors’ worry less about the geopolitical tensions that had clouded markets for almost the entire trading week.