Investing.com – Asian stock markets were broadly higher on Tuesday, as concerns over rising energy prices eased after oil prices stabilized, while Japanese exporters gained as the yen weakened.
During late Asian trade, Hong Kong's Hang Seng Index added 0.25%, Japan’s Nikkei 225 Index jumped 1.22%, while South Korea's Kospi Composite was closed for a public holiday.
Shares in Japanese exporters advanced after the yen declined, boosting the outlook for export earnings.
The world’s largest automaker Toyota saw shares gain 0.99%, rival Honda, which gets approximately 70% of its revenue abroad jumped 1.83%, while consumer electronics giant Sony saw shares advance 0.95%.
Meanwhile, shares in Japan’s largest lender Mitsubishi Financial Group jumped 3.3% after the bank announced a share buyback plan.
Shinsei Bank saw shares rally 7.7% after Credit Suisse Group raised its rating on the company to ‘outperform’ from ‘neutral’.
In Hong Kong, shares in the financial sector performed strongly, with shares in the nation’s largest lender Industrial and Commercial Bank of China surging 1.85%.
Shares in rival Bank of China Hong Kong rallied 2.82%, while China Construction Bank saw shares gain 1.03%.
The outlook for European equity markets, meanwhile, was upbeat. The FTSE 100 futures pointed a rise of 0.44%, the EURO STOXX 50 futures indicated a gain 0.53%, France’s CAC 40 futures pointed to an increase of 0.41%, while Germany's DAX futures added 0.42%.
Later in the day, the Institute for Supply Management was to publish a report on U.S. manufacturing activity, while Federal Reserve Chairman Ben Bernanke was due to testify before the Senate Banking Committee, in Washington DC.
During late Asian trade, Hong Kong's Hang Seng Index added 0.25%, Japan’s Nikkei 225 Index jumped 1.22%, while South Korea's Kospi Composite was closed for a public holiday.
Shares in Japanese exporters advanced after the yen declined, boosting the outlook for export earnings.
The world’s largest automaker Toyota saw shares gain 0.99%, rival Honda, which gets approximately 70% of its revenue abroad jumped 1.83%, while consumer electronics giant Sony saw shares advance 0.95%.
Meanwhile, shares in Japan’s largest lender Mitsubishi Financial Group jumped 3.3% after the bank announced a share buyback plan.
Shinsei Bank saw shares rally 7.7% after Credit Suisse Group raised its rating on the company to ‘outperform’ from ‘neutral’.
In Hong Kong, shares in the financial sector performed strongly, with shares in the nation’s largest lender Industrial and Commercial Bank of China surging 1.85%.
Shares in rival Bank of China Hong Kong rallied 2.82%, while China Construction Bank saw shares gain 1.03%.
The outlook for European equity markets, meanwhile, was upbeat. The FTSE 100 futures pointed a rise of 0.44%, the EURO STOXX 50 futures indicated a gain 0.53%, France’s CAC 40 futures pointed to an increase of 0.41%, while Germany's DAX futures added 0.42%.
Later in the day, the Institute for Supply Management was to publish a report on U.S. manufacturing activity, while Federal Reserve Chairman Ben Bernanke was due to testify before the Senate Banking Committee, in Washington DC.