· Asian stocks and the pound gained on Tuesday as investors held out hope that Britain still had a chance of avoiding a messy exit from the European Union at key negotiations this week.
MSCI's broadest index of Asia-Pacific shares outside Japan was up0.1%. Australian shares were up 0.17%, while Japan's Nikkei stock index .N225 was up 1.86%.
The pound rose against the dollar and the euro, reflecting the cautious optimism about talks between Britain and the EU.
Capping broader gains in equities, however, was a perceived lack of progress coming out of U.S.-China trade negotiations.
· Japan’s Nikkei share average rose nearly 2% on Tuesday to its highest since late April, in a delayed response to a potential U.S.-China trade deal outlined by President Donald Trump last week.
Investors also bid up construction shares after Typhoon Hagibis caused widespread damage in central and eastern Japan.
Reopening after a market holiday on Monday, the Nikkei rose 1.87% to22,207.21 points, its biggest daily gain in more than a month.
The broader Topix gained 1.56% to 1,620.20, near a five-month closing high of 1,623.27 touched on Sept. 26.
· China stocks fell on Tuesday, snapping a five-day winning streak, as the latest factory gate data added to the country's economic woes and a deal to end the trade war with the United States remained elusive.
The blue-chip CSI300 index .CSI300 fell 0.4%, to 3,936.25, while the Shanghai Composite Index .SSEC shed 0.6% to 2,991.05 points.
China's factory gate prices declined at the fastest pace in more than three years in September, reinforcing the case for Beijing to unveil further stimulus as manufacturing cools on weak demand and U.S. trade pressures.
The pan-European Stoxx 600 climbed 0.7% in early trade, with banks, retail and travel and leisure stocks surging more than 1% as all sectors and major bourses entered positive territory.
Reference: Reuters, CNBC
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