Stocks in Asia rise, Nikkei 225 surges 475 points

Lola Evans
21 Jun 2022, 18:24 GMT+10

Stocks in Asia rose on Tuesday with broad-based gains the order of the day.
"The recent drop in equity markets and inflection in investor attitudes make a bottoming thesis more difficult to make."
"Investors are acting emotionally, but the fundamentals are beginning to follow the weakness in the technicals."

SYDNEY, NSW, Australia - Stocks in Asia rose on Tuesday with broad-based gains the order of the day. Only Chinese mainland markets faltered.

"The recent drop in equity markets and inflection in investor attitudes make a bottoming thesis more difficult to make," Nationwide's chief of investment research, Mark Hackett told NBC Tuesday.

"Investors are acting emotionally, but the fundamentals are beginning to follow the weakness in the technicals."

In Japan, the Nikkei 225 surged 475.09 points or 1.84 percent to 26,246.31.

The Australian All Ordinaries gained 91.30 points or 1.38 percent to 6,700.80.

In New Zealand, the S&P/NZX 50 climbed 113.39 points or 1.07 percent to 10,701.59.

The Kospi Composite in South Korea advanced 17.90 points or 0.75 percent to2,408.93.

In Hong Kong, the Hang Seng rallied 380.35 points or 1.80 percent to 21,544.26.

China's Shanghai Composite, going against the trend, dipped 8.71 points or 0.26 percent to 3,306.72.

On foreign exchange markets, the euro rebounded Tuesday. In early European trading, the EU unit was fetching 1.0556. The British pound edged up to 1.2297. The Swiss franc firmed to 0.9642.

The Canadian dollar rose to 1.2912. The Australian dollar was stronger at 0.6978. The New Zealand dollar increased to 0.6357.

Going against the trend, the Japanese yen slid to 135.22.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Peking Press.

More Information

28 ℃

null in Beijing

Business

Section

Stocks in Asia on the rise, Nikkei 225 jumps 379 points

SYDNEY, NSW, Australia - Stocks across Asia rose on Monday, in a positive start to the week.The U.S. dollar was ...

Toyota reduces July global production goal by 50,000 vehicles

TOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...

One-third of car sales might be electric by 2028, says analysts

NEW YORK CITY, New York: Electric vehicle (EV) sales could reach 33 percent globally by 2028, and 54 percent by ...

G-7 meeting to hear bids to stop biofuel to reduce food prices

BERLIN, Germany: To prevent large increases in food prices, officials from G7 countries, including Germany and the UK, will push ...

Announcement expected this week to ban Juul e-cigarettes in US

WASHINGTON D.C.: The U.S. Food and Drug Administration (FDA) is preparing to order Juul Labs to stop selling its e-cigarettes ...

As US average home price reaches $400,000, sales fall

WASHINGTON D.C.: As average home prices surged to a record high, reaching the $400,000 mark for the first time, and ...

China

Section