Stocks in Asia traded mixed on Tuesday after steep declines on Monday following Fed Chair Jerome Powell’s hawkish speech in Jackson Hole.
The Nikkei 225 in Tokyo gained 1.2% to 28,217.36 after the official unemployment rate for July held steady and the labor participation rate, or the share of the working-age population that is in jobs, stayed at a record high while the Hang Seng in Hong Kong shed 0.4% to 19,949.03.
Chipmaking equipment maker Tokyo Electron rose 1.65% and was the biggest boost for the Nikkei, followed by tech investor SoftBank Group, which rose 1.7%. Phone company KDDI rose 2.1%.
Elsewhere
In China, the Shanghai Composite Index lost 0.4% to 3,227.22
The Kospi in Seoul added 1% to 2,450.93.
Sydney's S&P-ASX 200 gained 0.5% to 6,998.30.
India's Sensex advanced 2% to 59,139.81.
New Zealand and Southeast Asian markets also advanced.
