Most Asian markets rise after a gain for U.S. retail sales supports stocks on Wall Street overnight, although Japanese equities struggle to extend their recent highs as the yen strengthens.
Korean stocks lead broad gains in Asia
HONG KONG (MarketWatch) -- Hong Kong stocks rebounded Tuesday after an increase in U.S. retail sales helped support equities on Wall Street, with banks and insurance shares among the gainers. The Hang Seng Index rose 0.6% to 23,137.41 after tumbling 1.4% in the previous session, and the Hang Seng China Enterprises Index advanced 0.6% to 11,177.32. Shares of Bank of Communications Co. rose 1% and Bank of China Ltd. added 1.3%, while Ping An Insurance Group Co. climbed 1.2%. United Co. Rusal PLC climbed 2.6% after the world's largest aluminum producer reported a narrower first-quarter loss. China's Shanghai Composite fell 0.2%. 9:45 p.m. Today
LOS ANGELES (MarketWatch) -- Australian stocks swung between small gains and losses early Tuesday, with a mixed showing in financial shares and a solidly lower performance in the mining sector. The benchmark S&P/ASX 200 was up 0.1%. Market heavyweight Commonwealth Bank of Australia was higher by 0.4% but Westpac Banking Corp. lost 0.3%, on track for a third consecutive decline. Shares of precious metals miner Newcrest Mining Ltd. were pushed 1.9% lower and BHP Billiton Ltd. shares fell 0.3%. Energy stocks were volatile, with Woodside Petroleum Ltd. reversing course for a 0.2% rise as Origin Energy Ltd. fell 0.4%. 8:36 p.m. Today
Australia stocks seesaw, but miners solidly lower