Hong Kong Hang Seng index added 0.3%, Australia’s S&P/ASX 200 gained 0.6%, Japan’s Nikkei 225 added 0.1%, the Topix rose 0.34% and South Korea’s Kospi index rose 0.04%
Asia-Pacific markets were up on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year.
The S&P 500 added 1.16%, after posting its worst week since March 2023. The Nasdaq Composite also climbed 1.16% following its worst week in over two years.
Traders in Asia will parse August trade data from China and India.
China’s exports rose 8.7% year-on-year in August and imports rose 0.5%, according to customs data.
In July, exports increased by 7% from a year ago, while imports rose by a more-than-expected 7.2%.
Meanwhile, Apple wrapped up an event at its headquarters in Cupertino, California, where it unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus the company announced earlier.
Preorders for the new iPhones begin Friday and launch on September 20.
Apple’s major suppliers Hitachi and Taiwan Semiconductor Manufacturing Company shares gained 1.6% and 0.56%, respectively, while Hon Hai Precision Industry — known internationally as Foxconn — declined 0.87%.
Hong Kong Hang Seng index added 0.3% and Taiwan’s Weighted Index was flat. In Hong Kong, shares of tech giant Alibaba advanced more than 4% after the stock was added to the Stock Connect cross-border investment scheme.
The Stock Connect scheme allows investors in mainland China or Hong Kong to trade and settle shares listed on the other market via the stock exchanges and clearing houses in their home market.
Mainland China’s CSI 300 declined by 0.39%.
Australia’s S&P/ASX 200 gained 0.6%.
Japan’s Nikkei 225 added 0.1% and the broad-based Topix rose 0.34%.
South Korea’s Kospi index rose 0.04% and the small-cap Kosdaq slid 0.4%.
