Investing.com – Asian stock markets advanced on Tuesday, amid increased merger and acquisition activity, however gains were capped as markets sentiment was weighed by rising oil prices.
During late Asian trade, Hong Kong's Hang Seng Index surged 1.8%, South Korea's Kospi Composite gained 0.81%, while Japan’s Nikkei 225 Index added 0.19%.
Hitachi saw shares jump 1.8% after it the world’s second largest computer hard drive manufacturer Western Digital said it would purchase Hitachi Global Storage Technologies, a unit of Hitachi, in a deal valued at approximately USD4.3 billion. Hitachi would own a 10% stake in Western Digital after the deal was finalized.
Terumo saw shares gain 3.2% after it offered to acquire Gambro’s CaridianBCT for approximately USD2.63 billion. The acquisition will make Terumo the world’s biggest maker of blood-transfusion equipment.
In Hong Kong, shares in the financial sector performed strongly, with shares in global financial service provider HSBC Holdings climbing 2.14%.
Shares in rival China Construction Bank saw shares gain 1.44%, while Bank of China Hong Kong added 1.29%.
Meanwhile, airliner Cathay Pacific Airways rose for the first time in four days, climbing 2.3%.
The outlook for European stock markets was upbeat. The EURO STOXX 50 futures indicated a gain 0.72%, France’s CAC 40 futures pointed to an increase of 0.61%, Germany's DAX futures added 0.55%, while the FTSE 100 futures pointed a rise of 0.62%.
Later in the day, Germany was to publish official data on factory orders, while the U.S. was to publish a report on economic optimism.
During late Asian trade, Hong Kong's Hang Seng Index surged 1.8%, South Korea's Kospi Composite gained 0.81%, while Japan’s Nikkei 225 Index added 0.19%.
Hitachi saw shares jump 1.8% after it the world’s second largest computer hard drive manufacturer Western Digital said it would purchase Hitachi Global Storage Technologies, a unit of Hitachi, in a deal valued at approximately USD4.3 billion. Hitachi would own a 10% stake in Western Digital after the deal was finalized.
Terumo saw shares gain 3.2% after it offered to acquire Gambro’s CaridianBCT for approximately USD2.63 billion. The acquisition will make Terumo the world’s biggest maker of blood-transfusion equipment.
In Hong Kong, shares in the financial sector performed strongly, with shares in global financial service provider HSBC Holdings climbing 2.14%.
Shares in rival China Construction Bank saw shares gain 1.44%, while Bank of China Hong Kong added 1.29%.
Meanwhile, airliner Cathay Pacific Airways rose for the first time in four days, climbing 2.3%.
The outlook for European stock markets was upbeat. The EURO STOXX 50 futures indicated a gain 0.72%, France’s CAC 40 futures pointed to an increase of 0.61%, Germany's DAX futures added 0.55%, while the FTSE 100 futures pointed a rise of 0.62%.
Later in the day, Germany was to publish official data on factory orders, while the U.S. was to publish a report on economic optimism.