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Asia Closes Mostly Higher as Trade Concerns Linger


Asian stocks mostly recovered following some earlier losses on Tuesday, with major indexes in the region higher at the close amid improved investor sentiment.

In Japan, the Nikkei 225 gained 63.6 points, or 0.3%, to 22,539.54, as technology names and retailers edged up. Those gains were, however, offset by losses in financials and oil companies. Against the yen, the U.S. dollar was at 109.83

In Hong Kong, the Hang Seng Index took on 95.47 points, or 0.3%, to 31,093.45, as developers and technology stocks moved higher on the whole. However, it was weighed down by declines across the gaming sector.

Korean markets erased earlier losses to go up on the day, with gains seen in the tech and manufacturing sectors.

In Australia, major sectors were down, including financials, oil producers, and mining companies.

CHINA

In Shanghai, the CSI 300 added 37.74 points, or 1%, to 3,845.32

In company news, China has launched an investigation into South Korea's Samsung Electronics and SK Hynix as well as U.S. Micron Technology. The report said that China was probing price-fixing allegations as DRAM — a form of data storage — prices had risen sharply.
Samsung Electronics shed 0.6% and SK Hynix was last higher by 0.6%

In other markets

In Singapore, the Straits Times index gained 15.68 points, or 0.5%, to 3,483.16

In Korea, the Kospi index advanced six points, or 0.3%, to 2,453.76

In Taiwan, the Taiex Index dropped 9.39 points, or 0.1%, to 11,100.11

In New Zealand, the NZX 50 returned from a long weekend to gain 120.88 points, or 1.4%, to 8,757.04

In Australia, the ASX 200 docked 30.67 points, or 0.5%, to 5,994.88