TOKYO Japanese stocks ended higher on Tuesday as corporate earnings continued to impress, but gains were limited by worries about the fast-spreading Delta…
Japanese Market Modestly Higher
TOKYO (dpa-AFX) - The Japanese stock market is modestly higher on Tuesday, extending the gains of the previous two sessions, with the benchmark Nikkei index breaking above the 28,000 mark, following the positive cues from Wall Street overnight, ignoring the surge in the coronavirus s delta variant infections amid the ongoing Tokyo Olympics.
The benchmark Nikkei 225 Index is gaining 173.11 points or 0.62 percent to 28,006.40, after touching a high of 28,036.23 earlier. Japanese shares closed significantly higher on Monday.
Market heavyweight SoftBank Group is edging down 0.2 percent, while Uniqlo operator Fast Retailing is gaining almost 1 percent. Among automakers, Honda and Toyota are gaining almost 1 percent each.
Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Tuesday, following the positive cues from Wall Street overnight, as upbeat earnings news contributed to rebound along with continued optimism about the economy, despite some concerns about the spread of new coronavirus variants. Investors also await the U.S. Federal Reserve s monetary policy announcement on Wednesday for clues on the timing of stimulus tapering and the outlook for the global economy. Asian stocks ended mostly lower Monday.
The Australian stock market is modestly higher on Tuesday, after the slight losses of the previous session, with the benchmark S&P/ASX 200 breaking above the 7,400 level to fresh all-time highs, following the positive cues from Wall Street overnight, with materials and energy stocks lifting the market. Traders remain concerned about the spread of the highly contagious coronavirus variants in more states.
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