Asia Mostly Higher as Japan Comes up Big

Stocks in major Asian stock markets closed higher on Tuesday, with stocks in Japan leading in the region.

In Japan, the Nikkei 225 returned after a long weekend to soar 531.04 points, or 2.6%, to 20,864.21.

Shares of Fast Retailing rose 3% while chip company Renesas Electronics skyrocketed 16.3%. The Japanese yen traded at 110.49 U.S. against the dollar after seeing an earlier low of 110.64.

In Hong Kong, the Hang Seng gained 27.49 points, or 0.1%, Tuesday to 28.171.33

Korea’s markets regained strength, as shares of industry heavyweight Samsung Electronics gained 2.3%, and chipmaker SK Hynix jumped 2.4%. LG Electronics gained 3.8%.

Australian markets also recouped some of their strength. The energy sub-index gained 1.2% as shares of oil companies advanced. Santos was up 1.9%, Woodside Petroleum advanced 0.6% and Beach Energy rose 2.1%.

The Australian dollar was at $0.7084 U.S. after touching an earlier low of $0.751.

CHINA

In China, the CSI 300 advanced 23.87 points, or 0.7%, to 3,330.34

Markets overnight on Wall Street were tepid, as investors considered the possibility of a trade deal being struck between the U.S. and China. Officials from Washington and Beijing will continue talks this week with a focus on intellectual property.

In other markets

In Korea, the Kospi index inched up 9.74 points, or 0.5%, to 2,190.47

In Singapore, the Straits Times Index reversed 5.12 points, or 0.2%, to 3,201.15

In Taiwan, the Taiex Index leaped 93.49 points, or 0.9%, to 10,097.74

In New Zealand, the NZX 50 hiked 70.77 points, or 0.8%, to 9,280.77

In Australia, the ASX 200 recovered 18.23 points, or 0.3%, from Monday’s loss to 6,079.08