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 Milwaukee Sun 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 Milwaukee Sun.
More InformationHONG KONG: An engineering vessel with 30 people on board went missing 200 miles off Hong Kong after it snapped ...
NICE, France -As some 1,000 Frenchmen are being hospitalized daily with Covid infections, French officials have "invited" or "recommended" the ...
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.: Due to surging food prices, summer cookouts for the U.S. Independence Day holiday are more expensive, forcing Americans ...
Victor Caratini lined a three-run home run with two outs in the 10th inning to give the Milwaukee Brewers a ...
The Milwaukee Bucks are bringing back veteran center Serge Ibaka on a one-year contract, The Athletic reported Monday. The 32-year-old ...
Roseau [Dominica], July 4 (ANI): All-rounder Rovman Powell, who helped West Indies clinch victory against Bangladesh in the second T20I, ...
The Milwaukee Brewers reside atop the National League Central due in large part to their strong play against the rest ...
Jeremy Pena clubbed a walk-off home run with two outs in the ninth inning, his second homer of the game, ...