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Asia Recovers from Monday Plunge

Asia stocks saw a partial recovery on Tuesday after deep losses on Monday.

In Japan, the Nikkei 225 index regained 112.65 points, or 0.5%, Tuesday, to 23,084.59

The Japanese yen traded at 108.86 against the U.S. dollar after seeing an earlier high of 108.54.

In Hong Kong, the Hang Seng Index popped 319 points, or 1.2%, to 26,975.98, as shares of Chinese tech giant Tencent surged 3.3%, and rival Alibaba jumped 4.2%.

Meanwhile, Hong Kong’s Hospital Authority confirmed on Tuesday morning the first coronavirus-related death in the city, a 39-year-old man.

The Reserve Bank of Australia (RBA) announced Tuesday its decision to leave the cash rate unchanged at 0.75%.

Following that announcement, the Australian dollar surged to $0.6719 after seeing an earlier low of $0.6676.

CHINA

Stocks in mainland China shared in the general recovery, as investors weighed the potential economic impact of the ongoing coronavirus outbreak that has killed hundreds in China so far.

The CSI 300 triumphed 97.28 points, or 2.6%, to 3,755.64.

In other markets

In Taiwan, the Taiex recovered 201 points, or 1.8%, to 11,555.92

In Korea, the Kospi index recouped 39.02 points, or 1.8%, to 2,157.90

In Singapore, the Straits Times Index hiked 40.26 points, or 1.3%, to 3,156.57

In New Zealand, the NZX 50 lost 38.67 points, or 0.3%, to 11,511.49

In Australia, the ASX 200 restocked 25.45 points, or 0.4%, to 6,948.70