Asian markets finished considerably higher on Tuesday, with the Nikkei extending a banner rally as stimulus comments made by Japanese Prime Minister Shinzo Abe late on Monday helped to weaken the yen.
In Japan, the Nikkei 225 jumped another 386.53 points, or 2.5%, to 16,095.65, after Monday’s leap of more than 600 points.
In Hong Kong, the Hang Seng Index hiked 344.24 points, or 1.7%, to 21,224.74
The Japanese yen continued to fall against the U.S. dollar, with the dollar-yen currency pair rising as high as 103.28 intraday after touching levels as low as 100.45 on Monday.
At session’s end, the dollar was fetching 103.14 yen. A weaker yen is generally seen as a positive for Japanese stocks because it makes the country's exports more competitive and it boost the value of repatriated earnings.
On Monday Abe, fresh from a big win in Japan's Upper House elections at the weekend, said that he planned to make "bold investment into seeds of future growth.” The market was also expecting the Bank of Japan would soon step up with further monetary stimulus.
In Japan, Nintendo shares tacked on another 12.7% on Tuesday after rocketing faster than a speeding Pikachu on Monday, climbing nearly 25% after the company's new smartphone game Pokemon Go dominated the list of top free apps in the U.S., Australia and New Zealand App Store.
In other markets
The Shanghai CSI 300 prospered 69.85 points, or 2.2%, to 3,273.18
The Taiex Index in Taiwan gained 54.99 points, or 0.6%, to 8,841.46
In Singapore, the Straits Times Index gained 25.68 points, or 0.9%, to 2,901.82
In Korea, the Kospi added 2.69 points, or 0.1%, to 1,991.23
In New Zealand, the NZX 50 acquired 17.01 points, or 0.2%, to 7,079.47
The ASX 200 improved 16.11 points, or 0.3%, to 5,353.22
