· Asian stocks make gains despite Sino-U.S. tensions
Asian stock markets rose on Tuesday on relief that another round of Sino-U.S. sparring appears not to have spilled over into trade, while hopes for U.S. stimulus lent support to oil and commodity currencies.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up nearly 1%. Japan's Nikkei .N225 returned from a holiday with a 1.85% gain led by healthcare and industrial stocks and the Hang Seng .HSI bounced 2.3%.
Investors are awaiting a meeting between top U.S. and Chinese trade officials on Saturday to review the first six months of the Phase 1 trade deal.
· Japan stocks rise most in a week as U.S. stimulus bets gather steam
Japanese shares on Tuesday gained the most in a week on hopes of additional U.S. fiscal stimulus to bolster the world’s largest economy, as major countries struggle to break free from the impact of the coronavirus crisis.
The Nikkei 225 Index ended up 1.88% at 22,750.24, the biggest daily gain since Aug. 3. Industrial and consumer discretionary shares lead the gains. The broader Topix index rose 2.54%.
· China stocks end lower as Sino-U.S. tensions weigh
China stocks ended lower on Tuesday, dragged down by tech firms, as worries over rising Sino-U.S. tensions weighed on investor sentiment.
At the close, the Shanghai Composite index was down 1.15% at 3,340.29, while the blue-chip CSI300 index was down 0.91%.
· European markets open higher, unfazed by U.S.-China tensions
European stocks opened higher on Tuesday, tracking gains in Asia and the U.S. despite heightened tensions between the U.S. and China.
The pan-European Stoxx 600 climbed 1% at the start of trading, with autos jumping 1.9% to lead gains as all sectors and major bourses entered positive territory.
Reference: CNBC, Reuters
Thai
Eng