Lola Evans
21 Jun 2022, 18:24 GMT+10
SYDNEY, NSW, Australia - Stocks in Asia rose on Tuesday with broad-based gains the order of the day. Only Chinese mainland markets faltered.
"The recent drop in equity markets and inflection in investor attitudes make a bottoming thesis more difficult to make," Nationwide's chief of investment research, Mark Hackett told NBC Tuesday.
"Investors are acting emotionally, but the fundamentals are beginning to follow the weakness in the technicals."
In Japan, the Nikkei 225 surged 475.09 points or 1.84 percent to 26,246.31.
The Australian All Ordinaries gained 91.30 points or 1.38 percent to 6,700.80.
In New Zealand, the S&P/NZX 50 climbed 113.39 points or 1.07 percent to 10,701.59.
The Kospi Composite in South Korea advanced 17.90 points or 0.75 percent to2,408.93.
In Hong Kong, the Hang Seng rallied 380.35 points or 1.80 percent to 21,544.26.
China's Shanghai Composite, going against the trend, dipped 8.71 points or 0.26 percent to 3,306.72.
On foreign exchange markets, the euro rebounded Tuesday. In early European trading, the EU unit was fetching 1.0556. The British pound edged up to 1.2297. The Swiss franc firmed to 0.9642.
The Canadian dollar rose to 1.2912. The Australian dollar was stronger at 0.6978. The New Zealand dollar increased to 0.6357.
Going against the trend, the Japanese yen slid to 135.22.
Get a daily dose of Ohio Standard news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Ohio Standard.
More InformationWASHINGTON D.C.: Due to surging food prices, summer cookouts for the U.S. Independence Day holiday are more expensive, forcing Americans ...
NEW YORK CITY, New York: Bette Nash, age 86, has been named the longest serving flight attendant in the world, ...
WASHINGTON D.C.: In a cardboard box factory outside Baltimore, people have been walking into the office of Paul Centenari, chief ...
WASHINGTON D.C.: Hershel "Woody" Williams, the final surviving Medal of Honor recipient from World War Two, has died at a ...
NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...
SEATTLE, Washington: A Norwegian cruise liner has canceled its sailing and returned to port after damage was discovered following its ...
BRUSSELS, Belgium: Negotiations on a free trade agreement between the European Union and New Zealand ended successfully this week, paving ...
CAIRO, Egypt: Egyptian authorities have prohibited swimming in a stretch of the Red Sea after an Australian woman was killed ...
NEW YORK CITY, New York: Bette Nash, age 86, has been named the longest serving flight attendant in the world, ...
LONDON, England: A UK parliamentary committee has told lawmakers that they may not bring babies to parliamentary proceedings and debates.The ...
WASHINGTON D.C.: Hershel "Woody" Williams, the final surviving Medal of Honor recipient from World War Two, has died at a ...
SEATTLE, Washington: A Norwegian cruise liner has canceled its sailing and returned to port after damage was discovered following its ...