Stocks in Japan bounced back partially on Tuesday after the previous day's heavy losses as concerns over the global economy weighed on investor sentiment.
The Nikkei 225 restored 451.28 points, or 2.2%, to 22,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.7%.
Nintendo saw its stock surge 4.8% on the day following a Monday report by the Wall Street Journal that it is set to launch new models of its Switch video game console later this year.
The Japanese yen changed hands at 110.10 against the U.S. dollar after seeing highs below 109.9 in the previous session
In Hong Kong, the Hang Seng Index recovered 43.56 points, or 0.2%, to 28.566.91
In Korea, shares of Samsung Electronics slipped 0.6% after the company issued a warning on its first-quarter earnings.
Stocks of Australian conglomerate Wesfarmers dropped 3.5% after the company announced a bid for embattled rare earths miner Lynas, whose own stock was earlier placed on a trading halt. For its part, Lynas shares skyrocketed 35.1% on the day following its return to trade.
The developments came as Lynas' shares have dragged along near 18-month lows as it faces hurdles over environmental license in Malaysia where its chemicals plant is located
The Australian dollar traded at $0.7122 U.S. after rising from lows below $0.708 yesterday.
In other markets
The CSI 300 index lost 42.39 points, or 1.1%, to 3,700.44
In Singapore, the Straits Times Index regained 17.36 points, or 0.6%, to 3,200.28
Korea’s Kospi Index advanced 3.94 points, or 0.2%, to 2,148.80
In Taiwan, the Taiex Index hiked 79.72 points, or 0.8%, to 10,559.20
In New Zealand, the NZX 50 recouped 55.51 points, or 0.6%, to 9,574.82
In Australia, the ASX 200 strengthened 4.38 points, or 0.1%, to 6,130.59
