Economic news

Asian shares extend recovery boosted by global rebound

Asian shares recovered from two-month trough on Tuesday, boosted by Wall Street’s extended recovery from last week’s sharp drop, though investors awaited U.S. consumer-price data due Wednesday.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares rose 1.1 percent after dipping to its nadir since Dec. 11 on Friday.

Australian S&P/ASX 200 Index gained 0.6 percent and South Korea’s KOSPI increased 0.65 percent.

Japan’s Nikkei sank 0.75 percent. Hong Kong’s Hang Seng Index leaped 1.6 percent.

The Shanghai Composite Index soared 1.2 percent.

U.S. stocks edged up for the second session on Monday as traders regained some confidence after U.S. equities suffered their largest weekly fall in two years.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree