Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy's referendum to be overdone, with robust U.S. economic data also helping sentiment.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS bounced 0.7 percent, its biggest daily rise since Nov. 22, breaking two days of falls. Korea .KS11 climbed 1.4 percent while Japan .N225 rose 0.4 percent.
Japan's Nikkei share average rebounded on Tuesday as strong U.S. economic data helped calm worries about instability in the European Union after Italian Prime Minister Matteo Renzi's resignation.
The Nikkei ended 0.5 percent higher to 18,360.54.
China stocks edged lower on Tuesday, as investors contemplated the possible repercussions on trade from scathing comments by a top securities regulator about "barbaric" takeovers.
The blue-chip CSI300 index fell 0.3 percent, to 3,459.15 points, while the Shanghai Composite Index lost 0.2percent to 3,199.65 points.
On the second day of the Shenzhen-Hong Kong stock link, Shenzhen-listed shares continued to outperform, with Shenzhen benchmark index ending up 0.2 percent.
Hong Kong stocks joined many other markets in rising on Tuesday, more than erasing losses incurred the previous day after Italians rejected a referendum on reforms
The benchmark Hang Seng index advanced 0.8 percent, to 22,675.15 points, while the Hong Kong China Enterprises Index gained 0.6 percent, to 9,768.85 points.
Reference: Reuters
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