Japan’s Topix index rose 2.2 percent as trading resumed in Tokyo following a long weekend, the FT reported. Hong Kong’s Hang Seng index climbed 2.1 percent and China’s CSI 300 of Shanghai- and Shenzhen-listed shares gained 1.3 percent. Australia’s S&P/ASX 200 index went up by 1.2 percent.
Robert Rennie, global head of market strategy at Westpac, told the FT that there was “no single piece of hard data” showing why there were gains on Tuesday.
He added the reopening of markets in Tokyo and Singapore had “boosted liquidity”.
Mr Rennie also said: “You continue to see signs of a V-shaped recovery for markets versus a W-shaped recovery from an economic perspective.”
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6.24am update: Asian stocks make gains despite Sino-US tensions
When European markets open this morning, they are expected to open higher with EUROSTOXX 50 STXEc1 futures up 0.86 percent and FTSE futures FFIc1 up 0.77 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up nearly 1 percent. Japan’s Nikkei .N225 returned from a holiday with a 1.85 percent gain led by healthcare and industrial stocks and the Hang Seng .HSI bounced 2.3 percent.
South Korean stocks .KS11 shrugged off a drop in exports and rose for a seventh straight session, adding 1.4 percent for a 7.5 percent gain already in August.