Asian markets trade higher; Nikkei 225 up over 1%

The Topix index rose 1.36%, Hong Kong’s Hang Seng index and South Korea’s Kospi gained by 0.65% and 0.88%, while Chinese stocks were also in positive territory.

Jan 07, 2020 02:01 IST India Infoline News Service

Nikkei
Asian stock markets opened higher on Tuesday, with Japan’s Nikkei 225 jumping 1.5%, after falling 1.91% on Monday’s close amid rising geopolitical concerns in the Middle East.

The Topix index rose 1.36%, Hong Kong’s Hang Seng index and South Korea’s Kospi gained by 0.65% and 0.88% respectively, while Chinese stocks were also in positive territory.

Meanwhile, gold prices on Tuesday retreated from its near seven-year high on Monday, with spot gold fell 0.2% to $1,562.81 per ounce.

Further, US markets rose on Monday, recovering from losses earlier on Friday, with gains led by big tech stocks. The Dow Jones Industrial Average ended the day up 68.50 points, or 0.2% at 28,703.38 after falling 216 points earlier in the day. The S&P 500 closed 0.4% higher at 3,246.28 while the Nasdaq Composite advanced 0.6% to 9,071.46.

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