Investing.com – Asian stock markets were broadly higher on Tuesday, as concerns over Japan’s nuclear crisis eased, while shares in Japanese exporters continued to rebound from heavy losses suffered in the aftermath of the deadly March 11 earthquake.
During late Asian trade, Hong Kong's Hang Seng Index added 0.75%, South Korea's Kospi Composite rose 0.51%, while Japan’s Nikkei 225 jumped 4.36%.
Earlier in the day, the Bank of Japan added JPY2 trillion to the money markets, bringing its total liquidity injection to JPY40 trillion since the quake.
Meanwhile, Tokyo Electric Power Co., operator of the stricken Fukushima Daiichi power plant, said they were making progress in cooling damaged reactors at the site, while Prime Minister Naoto Kan said he could see “light at the end of the tunnel” for the country’s nuclear crisis.
TEPCO saw shares surge 15.8%, while shares in Tohoku Electric Power Co. rallied 9.3%.
Shares in Japanese exporters performed strongly on expectations operations would slowly ramp up this week after being halted by the quake.
Toyota saw shares climb 4.05%, consumer electronics giant Sony rose 3.2%, while Elpida Memory, the world's third largest computer-chip manufacturer jumped 6.4%.
Meanwhile, Japan’s biggest construction company Kajima Corp. saw shares jump 10.1% amid expectations rebuilding efforts to the country would boost revenue. Shares in rival Nishimatsu Construction soared 17.4%.
Elsewhere, in Honk Kong, shares in oil producers were broadly higher as crude oil prices hovered near USD103 a barrel.
Oil and gas giant PetroChina climbed 2.5%, while shares in China’s largest offshore oil driller CNOOC gained 2.7%.
The outlook for European equity markets, meanwhile, was modestly higher. The EURO STOXX 50 futures pointed to a rise of 0.05%, France’s CAC 40 futures indicated a gain of 0.12, the FTSE 100 futures added 0.15%, while Germany’s DAX futures pointed to an increase of 0.05%.
Later in the day, President of the Federal Reserve Bank of Dallas, Richard Fisher, was to deliver a speech in Frankfurt, while U.S. Treasury Secretary Timothy Geithner was to speak at a public engagement.
During late Asian trade, Hong Kong's Hang Seng Index added 0.75%, South Korea's Kospi Composite rose 0.51%, while Japan’s Nikkei 225 jumped 4.36%.
Earlier in the day, the Bank of Japan added JPY2 trillion to the money markets, bringing its total liquidity injection to JPY40 trillion since the quake.
Meanwhile, Tokyo Electric Power Co., operator of the stricken Fukushima Daiichi power plant, said they were making progress in cooling damaged reactors at the site, while Prime Minister Naoto Kan said he could see “light at the end of the tunnel” for the country’s nuclear crisis.
TEPCO saw shares surge 15.8%, while shares in Tohoku Electric Power Co. rallied 9.3%.
Shares in Japanese exporters performed strongly on expectations operations would slowly ramp up this week after being halted by the quake.
Toyota saw shares climb 4.05%, consumer electronics giant Sony rose 3.2%, while Elpida Memory, the world's third largest computer-chip manufacturer jumped 6.4%.
Meanwhile, Japan’s biggest construction company Kajima Corp. saw shares jump 10.1% amid expectations rebuilding efforts to the country would boost revenue. Shares in rival Nishimatsu Construction soared 17.4%.
Elsewhere, in Honk Kong, shares in oil producers were broadly higher as crude oil prices hovered near USD103 a barrel.
Oil and gas giant PetroChina climbed 2.5%, while shares in China’s largest offshore oil driller CNOOC gained 2.7%.
The outlook for European equity markets, meanwhile, was modestly higher. The EURO STOXX 50 futures pointed to a rise of 0.05%, France’s CAC 40 futures indicated a gain of 0.12, the FTSE 100 futures added 0.15%, while Germany’s DAX futures pointed to an increase of 0.05%.
Later in the day, President of the Federal Reserve Bank of Dallas, Richard Fisher, was to deliver a speech in Frankfurt, while U.S. Treasury Secretary Timothy Geithner was to speak at a public engagement.