Asia Prospers, Led by Hang Seng

Shares in Asia-Pacific rose on Tuesday as Hong Kong stocks led gains regionally.

In Japan, the Nikkei 225 jumped 112.7 points, or 0.4%, to 26,659.75.

The Japanese yen traded at 129.46 per U.S. dollar, still stronger as compared with levels above 130 seen against the greenback last week

In Hong Kong, the Hang Seng Index popped 652.31 points, or 3.3%, to 20,602.52. Tencent rose 5.3% while Alibaba soared 7% and Meituan gained 6.2%.

The Reserve Bank of Australia could further increase interest rates to ensure that inflation in the country “returns to the target over time,.” minutes from the central bank’s May meeting showed Tuesday. The country had announced its first rate hike in more than a decade.

The Australian dollar was at $0.7027 following a recent bounce from below $0.693.

In other markets

In Shanghai, the CSI 300 index advanced 49.35 points, or 1.3%, to 4,005.89.

In Taiwan, the Taiex took on 155.05 points, or 1%, to 16,056.09

In Korea, the Kospi index moved higher 23.86 points, or 0.9%, to 2,620.44.

In Singapore, the Straits Times Index returned from a long weekend to gain 10.73 points, or 0.3%, to 3,201.89

In New Zealand, the NZX 50 lost 19.78 points, or 0.2%, to 11,137.88.

In Australia, the ASX 200 gathered 19.5 points, or 0.3%, to 7,112.53.