Asian markets rose modestly in early trading Tuesday, adding on to Monday’s big gains as encouraging economic data from China tempered fears of a global economic slowdown.
rose 0.3% and Hong Kong’s Hang Seng
gained 0.2%. The Shanghai Composite
advanced 0.3% while the smaller-cap Shenzhen Composite
rose 0.3%. South Korea’s Kospi
was up 0.2%, while benchmark indexes in Taiwan
all gained. Australia’s S&P/ASX
200 rose 0.5%
Among individual stocks, robotics maker Fanuc
gained in Tokyo trading, as did Honda
, while SoftBank
fell. In Hong Kong, casino operator Galaxy Entertainment
and tech giant Tencent
rose, while oil producer CNOOC
rose in Korea, and Apple Inc.
component maker Foxconn
advanced in Taiwan. Fortescue Metals
and Beach Energy
rose in Australia.
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