Asia Markets: Nikkei leads Asian-market rebound following Turkish currency jitters


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.

Korea’s Kospi SEU, +0.29%   edged up 0.2%, with mixed results from tech names, as Samsung 005930, +0.67%   rose but LG Electronics 066570, -3.93%   tumbled.

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.

Australia’s ASX 200 XJO, +0.77%   was up 0.8% and New Zealand’s NZX-50 NZ50GR, +0.38%   gained 0.3%. Taiwan’s Taiex Y9999, +0.44%   was up as well, while Singapore’s Strait Times Index STI, -0.10%   dipped.

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