Asian Stocks

Asian stocks were seen trading higher on Tuesday as investors raise concerns over geopolitical tensions. Meanwhile the Japanese market resumed after an extended weekend.

The Japanese benchmark Nikkei 225 index rose 0.84% higher to close 15,343.28 points, while Tokyo’s Topix index gained 0.85%, trading at 1,274.06 points.

In Japan, the metal product manufacturer Toho Zinc advanced 5.90% higher, while Chiba Bank shares rose 4.51% higher after the bank said it would buy back shares. While Unitika saw losses, with shares falling 2.17% and Kansai Electric slid 2.04%.

Hong Kong’s Hang Seng index edged 1.31% higher to 23,691.39 points at the time of writing, while the Chinese benchmark Shanghai Composite advanced 1.01% to 2,075.09 points.

The Chinese oil and gas company China Petroleum & Chemical climbed 3.05%, while property developer China Overseas jumped 2.92%. China’s biggest metal producer, Aluminum Corp of China saw the most gains during the session as shares jumped 6.2%. On the downside, the computer company Lenovo slid 0.37% lower.

The South Korean Kospi index added 0.52%, closing at 2,028.93 points, while Australia’s benchmark S&P/ASX 200 index rose 0.04% higher, trading at 5,542.40 points.

Russia

According to reports, pro-Russian separatists in eastern Ukraine handed over the two black boxes from the MH17 Malaysian Airlines flight to Malaysian experts as the Russian President faces further global pressure after claims that the flight was downed by a missile system supplied by Russian military.

After already being sanctioned over the annexation of Crimea in March, the Russian President Vladimir Putin is expected to face additional penalties as the European Union foreign ministers are expected to meet to discuss further sanctions against the country.

European Stocks

Stocks in the European region climbed on Tuesday.

The European Euro Stoxx 50 jumped 0.76% higher to 3,161.05 at the time of writing, while the German DAX gained 0.79% to 9,688.27. at the same time the French CAC 40 rose 0.69% higher to 4,334.43 and UK’s FTSE 100 edged 0.41% to 6,755.81.

 

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