Asian Shares Mixed After Wall St. Breaks Losing Streak

Shares were mostly higher Tuesday in Asia after U.S. stocks closed broadly higher, as Big Tech stocks recovered some of their recent sharp declines.

US futures edged lower, and oil prices were little changed.

US futures edged lower, and oil prices were little changed, Elaine Kurtenbach reported for the Associated Press (AP).

Tokyo’s Nikkei 225 recovered from early losses, edging 0.1% higher to 39,621.28. Chinese markets declined, with the Hang Seng in Hong Kong down 0.1% to 17,620.16.

The Shanghai Composite index shed 0.6% to 2,946.63. China’s central bank cut two key interest rates by 10 basis points on Monday, moving to ease credit and stimulate the economy.

South Korea’s Kospi advanced 0.5% to 2,777.98, while the S&P/ASX 200 jumped 0.7% to 7,987.90. Taiwan’s Taiex surged 2.3% as Taiwan Semiconductor Manufacturing Co. gained 3.4%, rebounding from recent losses.

In Bangkok, the SET fell 0.7%, Stan Choe also reported for AP.