The Tokyo Stock Exchange ended up being supported by a lower yen, while the health situation in China, which worried global markets on Monday, again sent prices lower in Hong Kong.
Japanese star index Nikki It increased 0.61 percent to 28,115.74 points, and the broader Topix index increased 1.12 percent to 1,994.75 points.
“In the foreign exchange market, the yen’s rally has stalled, which is good news,” commented Hideyuki Ishiguro of Nomura Asset Management. This exchange rate movement benefits Japanese exporting firms by increasing their income abroad. “At the moment, the dollar / yen rate should remain at around 140 yen, plus or minus 5 yenBloomberg quoted him as saying.
On the Hong Kong Stock Exchange, on the other hand, the Hang Seng Index lost nearly 2%, in the red for the fifth consecutive session, with the resurgence of Covid-19 cases in China, with the arrival of a new record on Tuesday. In Beijing, it raises fears of a further downturn in the activity of the world’s second largest economy.