Investing.com - Asian stocks were trading higher on Tuesday as investors shrugged off political uncertainty in Europe and went long in equities market thanks to solid earnings at home and abroad.
During Asian trading on Tuesday, Hong Kong's Hang Seng Index was up 0.18%, Australia's S&P/ASX200 was up 0.19%, while Japan’s Nikkei 225 Index was up 0.65%.
Earnings continued to surprise worldwide, giving investors reason to show optimism despite growing uncertainty out of Europe, a key Asian trading partner.
In France, socialist Francois Hollande beat out President Nicolas Sarkozy, as voters rejected harsh austerity measures supported by the outgoing administration and opted to embrace Hollande's calls to prioritize growth over cutting spending.
In Greece, the country's leading political parties failed to secure 50 percent of the votes in parliamentary elections, with far-left and far-right fringe parties eating away at the establishment's hold on power and casting the country's leadership structure in doubt.
The Greek vote worried investors in currency markets, as fears grew that the country would abandon the euro, though Asian stock markets shrugged off the news.
In Hong Kong, the top gainers included Espirit Holdings, up 2.05%, COSCO Pacific, up 1.99%, and HSBC Holdings, up 1.60%.
Top Australian gainers included Emeco Holdings, up 5.88%, Bathhurst Resources, up 5.08%, and Macmahon Holdings, up 4.55%.
European stock futures indicated a mixed opening.
France's CAC 40 futures pointed to a loss of 0.16%, while Germany's DAX 30 futures signaled a gain of 0.05%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.22%.
Dow Jones Industrial Average futures were down 0.15% while the S&P 500 futures were also down 0.15%.
Later Tuesday, markets will keep an eye out for Federal Reserve Bank of Dallas President and Federal Open Market Committee (FOMC) voting member Richard Fisher, who will speak in public.
In the eurozone on Tuesday, German industrial production will be released.
Also on Tuesday, European Central Bank President Mario Draghi is due to speak in Frankfurt.
During Asian trading on Tuesday, Hong Kong's Hang Seng Index was up 0.18%, Australia's S&P/ASX200 was up 0.19%, while Japan’s Nikkei 225 Index was up 0.65%.
Earnings continued to surprise worldwide, giving investors reason to show optimism despite growing uncertainty out of Europe, a key Asian trading partner.
In France, socialist Francois Hollande beat out President Nicolas Sarkozy, as voters rejected harsh austerity measures supported by the outgoing administration and opted to embrace Hollande's calls to prioritize growth over cutting spending.
In Greece, the country's leading political parties failed to secure 50 percent of the votes in parliamentary elections, with far-left and far-right fringe parties eating away at the establishment's hold on power and casting the country's leadership structure in doubt.
The Greek vote worried investors in currency markets, as fears grew that the country would abandon the euro, though Asian stock markets shrugged off the news.
In Hong Kong, the top gainers included Espirit Holdings, up 2.05%, COSCO Pacific, up 1.99%, and HSBC Holdings, up 1.60%.
Top Australian gainers included Emeco Holdings, up 5.88%, Bathhurst Resources, up 5.08%, and Macmahon Holdings, up 4.55%.
European stock futures indicated a mixed opening.
France's CAC 40 futures pointed to a loss of 0.16%, while Germany's DAX 30 futures signaled a gain of 0.05%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.22%.
Dow Jones Industrial Average futures were down 0.15% while the S&P 500 futures were also down 0.15%.
Later Tuesday, markets will keep an eye out for Federal Reserve Bank of Dallas President and Federal Open Market Committee (FOMC) voting member Richard Fisher, who will speak in public.
In the eurozone on Tuesday, German industrial production will be released.
Also on Tuesday, European Central Bank President Mario Draghi is due to speak in Frankfurt.