Asian stocks mostly better; Nikkei better than torn yen

(RTTNews) – Asian stocks were mostly higher on Tuesday after overnight gains in ability stocks boosted major Wall Avenue indexes.

The U.S. dollar index rose in Asian trade after falling 1 percent in a day of intraday buying and selling on Monday.

Treasuries were little changed after the yield on the 30-year Treasury note rose to its highest level in more than a year on Monday.

Oil eased after its first decline in six hours, while gold edged higher as investors awaited additional U.S. financial data this week for further clues on the Fed’s rate moves.

China’s Shanghai Composite index was once slightly higher, with tech stocks gaining traction after U.S. Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd. blacklisted due to alleged links to the Chinese language militia. Hong Kong’s Hang Seng index slipped 0.3 percent amid yuan turmoil.

Japan’s Nikkei jumped a reasonable 2.3 percent as the yen fell to its lowest since July 2024 against the greenback, helping lift export-related stocks.

South Korea’s Kospi reasonable sometimes increased more than 1 percent after Foxconn, the environment’s largest contract manufacturer of Apple iPhones, beat expectations to post its highest-ever profit in the fourth quarter.

Australia’s benchmark S&P/ASX 200 rose 0.3 percent, while New Zealand’s benchmark S&P/NZX-50 was earlier down 0.4 percent.

U.S. stocks rallied overnight, the greenback fell and long-dated Treasury yields rose as Foxconn reported a fourth-quarter earnings report and President-elect Donald Trump reported that he was considering increasing its tariff plans, called “fake files”. “

The tech-heavy Nasdaq Composite climbed 1.2 percent and the S&P 500 gained 0.6 percent, while the narrower Dow ended slightly lower.

European stocks posted their biggest gains in more than a month on Monday after reports emerged that the incoming Trump administration was likely to see softer-than-expected tariffs.

The pan-European STOXX 600 rose 1 percent. Germany’s DAX rose by 1.6 percent, France’s CAC 40 by 2.2 percent and the U.Okay. The FTSE 100 added 0.3 percent.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.