Asian stocks were largely higher in early trading Tuesday, a day after widespread regional declines following Turkey’s currency crisis.
Japan’s Nikkei NIK, +1.56% led the way, up 1.2%, driven by the yen’s overnight pullback. Export-heavy names performed the best, with Sony 6758, +1.59% and Honda 7267, +1.47% in the green. Tokyo Electron 8035, +1.79% erased half of yesterday’s 3% slide.
Chinese stock benchmarks lagged others in the region. The Shanghai Composite SHCOMP, -0.50% was up 0.1% and the Shenzhen Composite 399106, -0.65% was about flat. Birth-related stocks were generally higher, anticipating a subsidized policy on couples having a second child, while gold names were lower amid the metal’s overnight skid..
Hong Kong’s Hang Seng HSI, -0.95% was down 0.4%. Tencent 0700, -3.66% fell 2% after Beijing blocked sales of the company’s new videogame. The tech company is due to report second-quarter results Wednesday.
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