Lola Evans
21 Jun 2022, 18:24 GMT+10
SYDNEY, NSW, Australia - Stocks in Asia rose on Tuesday with broad-based gains the order of the day. Only Chinese mainland markets faltered.
"The recent drop in equity markets and inflection in investor attitudes make a bottoming thesis more difficult to make," Nationwide's chief of investment research, Mark Hackett told NBC Tuesday.
"Investors are acting emotionally, but the fundamentals are beginning to follow the weakness in the technicals."
In Japan, the Nikkei 225 surged 475.09 points or 1.84 percent to 26,246.31.
The Australian All Ordinaries gained 91.30 points or 1.38 percent to 6,700.80.
In New Zealand, the S&P/NZX 50 climbed 113.39 points or 1.07 percent to 10,701.59.
The Kospi Composite in South Korea advanced 17.90 points or 0.75 percent to2,408.93.
In Hong Kong, the Hang Seng rallied 380.35 points or 1.80 percent to 21,544.26.
China's Shanghai Composite, going against the trend, dipped 8.71 points or 0.26 percent to 3,306.72.
On foreign exchange markets, the euro rebounded Tuesday. In early European trading, the EU unit was fetching 1.0556. The British pound edged up to 1.2297. The Swiss franc firmed to 0.9642.
The Canadian dollar rose to 1.2912. The Australian dollar was stronger at 0.6978. The New Zealand dollar increased to 0.6357.
Going against the trend, the Japanese yen slid to 135.22.
Get a daily dose of Entertainment Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Entertainment Sun.
More InformationMOSCOW, Russia: The UK newspaper, the Telegraph, has been blocked in Russia, following a request from the Russian prosecutor-general.The TASS ...
LAHORE, Pakistan - An Airbus 320 carrying 171 passengers narrowly avoided an accident at Allama Iqbal International Airport, Pakistan's second-largest ...
WASHINGTON, DC - U.S. President Joe Biden on Friday vowed to "do all in my power" to protect a woman's ...
YANGON, Myanmar - According to military-run media, a junta delegation discussed nuclear technology collaboration with a Russian state-owned atomic energy ...
DHAKA, Bangladesh - The United States Agency for International Development (USAID) is providing more than Tk2.3 crore in emergency funding ...
PHNOM PENH, Cambodia: Cambodian villagers on the Mekong River have caught a stingray fish weighing 661 pounds, which is the ...
Mumbai (Maharashtra) [India], June 29 (ANI): The first poster of the much-awaited film of this season 'Ek Villain 2' is ...
Mumbai (Maharashtra) [India], June 29 (ANI): The first song from Akshay Kumar's upcoming movie 'Raksha Bandhan' is finally out and ...
Addis Ababa, Ethiopia - Ethiopia's ruling party said this week it wants the African Union, partnering with the United States, ...
Mumbai (Maharashtra) [India], June 29 (ANI): Shilpa Shetty Kundra is currently in London with family and if we go by ...
Mumbai (Maharashtra) [India], June 29 (ANI): 'Bhool Bhulaiyaa 2' has surpassed everyone's expectations and turned out to be a massive ...
Mumbai (Maharashtra) [India], June 29 (ANI): Arjun Kapoor seems to be very excited about the release of his upcoming film ...