Sun. Oct 24th, 2021

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Asia shares hike

1 min read

Asian share markets strengthened Tuesday as investors remained focused on the global vaccination program and shook off worries about a hedge fund default that hit international banking stocks overnight.

Sentiment among Asian investors was mixed early but turned positive later in the session with most of the region’s major markets trading higher.

The MSCI’s broadest index of Asia-Pacific shares outside Japan  was 0.6% higher, while mainland China’s  index rose 1%.

Hong Kong’s Hang Seng Index found 1.2% to reach 28,668, driven up by a rebound in the city’s tech stock index which has been under pressure from concerns about the Chinese government’s move to increase regulation of those companies.

Japan’s Nikkei was flat, dragged down by Nomura share price weakness, while Australia sounded a weaker tone when the S&P/ASX 200 closed down 0.9% at its lowest point for a week.

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