Investing.com – Asian stocks were mixed on Tuesday, as shares in the financial sector performed strongly, while Hong Kong property developers extended their recent losses.
During late Asian trade, Hong Kong's Hang Seng Index slumped 0.45%, South Korea's Kospi Composite shed 0.58%, while Japan’s Nikkei 225 Index was up 0.41%.
Shares in the financial sector performed strongly, tracking gains made by their U.S. counterparts. The nation’s largest lender Mitsubishi UFJ Financial Group saw shares jump 2.01%, shares in rival Mizuho Financial Group rallied 3.05%, while Sumitomo Mitsui Financial Group saw shares add 2.34%.
Meanwhile, shares in the world’s third largest publicly traded cigarette maker Japan Tobacco gained 1.23% after the company lifted its full-year earnings outlook and announced share buyback plans.
Shares in Japan’s second largest mobile-phone company KDDI Corp. surged 5.75% after the stock was upgraded to ‘outperform’ by Credit Suisse.
In Hong Kong, shares in property developers extended losses from the previous session amid speculation the Chinese government would step up its efforts to curb property prices.
Hong Kong’s second largest property developer Sino Land Company dropped 2.08%, rival Hang Lung Properties saw shares tumble 2.69%, while shares in real estate investment firm Wharf Holdings sank 2.68%.
Elsewhere, Australia’s S&P/ASX 200 Index gained 0.45% to hit a ten-month high as shares in the nation’s largest lender National Australia Bank rallied 1.92% after it reported better-than-expected first quarter earnings and lifted its full-year earnings outlook.
Shares in rival Commonwealth Bank of Australia added 0.84%, while Westpac Banking Group saw shares jump 1.11%.
The outlook for European equity markets, meanwhile, was modestly upbeat. The EURO STOXX 50 futures pointed to a gain of 0.07%, France’s CAC 40 futures indicated an increase of 0.09%, the FTSE 100 futures pointed to a rise of 0.02%, while Germany's DAX futures were up 0.05%.
Later in the day, Germany was to publish official data on industrial production, while the U.S. was to publish the results of a survey on economic optimism.
During late Asian trade, Hong Kong's Hang Seng Index slumped 0.45%, South Korea's Kospi Composite shed 0.58%, while Japan’s Nikkei 225 Index was up 0.41%.
Shares in the financial sector performed strongly, tracking gains made by their U.S. counterparts. The nation’s largest lender Mitsubishi UFJ Financial Group saw shares jump 2.01%, shares in rival Mizuho Financial Group rallied 3.05%, while Sumitomo Mitsui Financial Group saw shares add 2.34%.
Meanwhile, shares in the world’s third largest publicly traded cigarette maker Japan Tobacco gained 1.23% after the company lifted its full-year earnings outlook and announced share buyback plans.
Shares in Japan’s second largest mobile-phone company KDDI Corp. surged 5.75% after the stock was upgraded to ‘outperform’ by Credit Suisse.
In Hong Kong, shares in property developers extended losses from the previous session amid speculation the Chinese government would step up its efforts to curb property prices.
Hong Kong’s second largest property developer Sino Land Company dropped 2.08%, rival Hang Lung Properties saw shares tumble 2.69%, while shares in real estate investment firm Wharf Holdings sank 2.68%.
Elsewhere, Australia’s S&P/ASX 200 Index gained 0.45% to hit a ten-month high as shares in the nation’s largest lender National Australia Bank rallied 1.92% after it reported better-than-expected first quarter earnings and lifted its full-year earnings outlook.
Shares in rival Commonwealth Bank of Australia added 0.84%, while Westpac Banking Group saw shares jump 1.11%.
The outlook for European equity markets, meanwhile, was modestly upbeat. The EURO STOXX 50 futures pointed to a gain of 0.07%, France’s CAC 40 futures indicated an increase of 0.09%, the FTSE 100 futures pointed to a rise of 0.02%, while Germany's DAX futures were up 0.05%.
Later in the day, Germany was to publish official data on industrial production, while the U.S. was to publish the results of a survey on economic optimism.