Asian markets trade higher; Nikkei 225 gains 2%


Equity tips:-

Japan’s Topix index rose 2%, though Korea’s benchmark was weighed down by a Samsung Electronics Co. warning on memory-chip prices.





Asian stock markets gained in Tuesday’s session, a day after a regional sell-off sparked by fresh worries of a coming US recession. Japan’s Topix index rose 2%, though Korea’s benchmark was weighed down by a Samsung Electronics Co. warning on memory-chip prices.


Hong Kong shares saw modest gains, Shanghai shares fluctuated and Australia was flat. US Treasury yields edged up after a two-day tumble that saw 10-year rates drop below those on three-month bills. West Texas crude climbed above $59 a barrel, and the yen dipped as a risk-on tone took hold.



On Wall Street on Monday, the S&P 500 Index closed little changed as homebuilders climbed, thanks to reduced borrowing costs, but technology shares sank as investors took little encouragement from Apple Inc.’s new services offerings. Ten-year Treasury yields fell below 2.4% for the first time since December 2017, though rose back above that level Tuesday in Asia.



Elsewhere, the pound was flat after Prime Minister Theresa May lost control over the Brexit process thanks to a vote in the U.K. Parliament. Legislators may now be able to demand that May pursues radical Plan B options, potentially including a second referendum, keeping Britain in the European Union’s customs union, or even cancelling Brexit.


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