Japan’s Nikkei 225 is up greater than 3% as shares rebound in Asia Pacific

SINGAPORE – Asia Pacific stocks rose broadly on Tuesday, with stocks in Japan leading the gains among the region’s major markets.

In Japan, the Nikkei 225 rose 3.12% to close at 28,884.13, largely rebounding from a more than 3% plunge on Monday. The Topix index gained 3.16% to 1,959.53.

Mainland stocks rose slightly on the day as the Shanghai Composite rose 0.8% to 3,557.41 while the Shenzhen Component rose 0.376% to 14,696.29. Hong Kong’s Hang Seng index lagged the broader region’s gains, down about 0.3% for the last hour of trading.

South Korea’s Kospi rose 0.71% to close at 3,263.88. In Australia, the S & P / ASX 200 was up 1.48% to end the day at 7,342.20.

MSCI’s broadest index for Asia Pacific stocks outside of Japan rose 0.18%.

On Wall Street, the Dow Jones Industrial Average rose 586.89 points to 33,876.97 points overnight. The S&P 500 was also up 1.4% to 4,224.79, while the Nasdaq Composite was up 0.79% to 14,141.48.

Currencies and oil

The US dollar index, which tracks the greenback versus a basket of its competitors, closed at 91.992 after a previous low of 91.877.

The Japanese yen was trading at 110.40 per dollar, weaker than yesterday’s greenback below 110. The Australian dollar traded at $ 0.751, still out of the $ 0.768 level it hit last week.

Oil prices were lower in the afternoon of Asian trading hours, with the international benchmark Brent crude oil futures dropping about 0.1% to $ 74.83 a barrel. US crude oil futures slipped 0.42% to $ 73.35 a barrel.