Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Asian stocks rose Tuesday as investor went on buying mood as the fears of worsening trade tensions eased after China said it is open to negotiating with US.
Japan's benchmark Nikkei 225 added 1.7 per cent in morning trading to 21,110.68. A weaker yen also boosted sentiment. Australia's S&P/ASX 200 added nearly 0.7 per cent to 5,828.90.
South Korea's Kospi edged up 0.5 per cent to 2,448.42. Hong Kong's Hang Seng added 0.9 per cent to 30,826.59, while the Shanghai Composite index rose 0.9 per cent to 3,161.97.
The US market rebounded from its worst week in two years. The S&P 500 index advanced 2.7 per cent to 2,658.55. The Dow Jones industrial average gained 2.8 per cent to 24,202.60.
The Nasdaq added 3.3 per cent to 7,220.54, while the Russell 2000 index of smaller-company stocks picked up 2.2 per cent, to 1,543.72.
Benchmark US crude added 17 cents to $65.72 a barrel in electronic trading on the New York Mercantile Exchange. It fell 33 cents to $65.55 per barrel on Monday.
Brent crude, used to price international oils, gained 12 cents to $69.64.
The dollar rose to 105.64 yen from 105.41 yen late Monday. The euro strengthened to $1.2453 from $1.2448.