Asian stocks closed mostly higher on Tuesday, with Hong Kong leading gains in the region after Chinese e-commerce giant Alibaba expanded plans to buy back shares.
The Hang Seng index jumped 3.15% in Hong Kong to 21,889.28 points. Just the share of Alibaba, which decided to expand its share buyback program from $15 billion to $25 billion, soared 11.2%.
Elsewhere in Asia, the Nikkei rose 1.48% in Tokyo to 27,224.11 points on its return from a holiday in Japan, while South Korean Kospi rose 0.89% in Seoul to 2,710.00 points. and the Taiex was stable in Taiwan, at 17,559.71 points.
In mainland China, the Shanghai Composite gained 0.19% to 3,259.86 points, but the less comprehensive Shenzhen Composite slipped 0.41% to 2,151.68 points.
Investors in the Asian region also digested comments from Federal Reserve Chairman Jerome Powell, who last Monday signaled his willingness to tighten monetary policy at a faster pace to contain inflationary pressures, and follow. attentive to developments in the Russo-Ukrainian war.
In Oceania, the Australian stock exchange was in the blue, boosted by shares of oil and mining companies. The S&P ASX/200 rose 0.86% in Sydney to 7,341.10 points.
Source: CNN Brasil
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