TSE – Baystreet.ca – Asia Mostly Higher Tuesday

In Japan, the Nikkei 225 sank another 99.75 points, or 0.4%, to 27,158.63.

In Asia, local media reports in Japan have said that the government is considering declaring a state of emergency for Tokyo and several neighboring areas as early as Thursday in an attempt to stem the spread of the virus.

The Japanese yen traded at 102.91 per U.S. dollar after weakening from levels below 102.8 against the greenback yesterday.

The Hang Seng index in Hong Kong gained 177.05 points, or 0.6%, to 27,649.86.

Hong Kong-listed shares of China Mobile soared 5.1% while China Unicom surged 8.5%. China Telecom’s stock jumped 3.4%.
The NYSE had previously announced Thursday that it would delist the three firms.

Shares of Chinese chipmaker SMIC in Hong Kong were monitored by investors, after it was among firms set to be deleted from FTSE Russell’s global equity indexes. That comes following an executive order by U.S. President Donald Trump barring U.S. investments in some Chinese firms.

Its shares dropped 9.6% on Tuesday.

Shares of Hon Hai Precision Industry, better known as Foxconn, jumped 4.1%. That came after a manufacturing deal was announced on Monday between the contract manufacturing giant and Chinese electric vehicle startup Byton.

The Australian dollar changed hands at $0.7716 following an earlier low of $0.7659.

In other markets

In Shanghai, the CSI 300 gained 100.78 points, or 1.9%, to 5,368.50.

In Korea, the Kospi index acquired 46.12 points, or 2.5%, to 2,990.57

In Singapore, the Straits Times inched forward 0.78 points to close Tuesday at 2,859.68.

In Taiwan, the Taiex Index added 98 points, or 0.7%, to 15,000.03.

In Australia, the ASX 200 docked 2.39 points to 6,681.86.

In New Zealand, the NZX 50 returned from a long weekend to gain 276.01 points, or 2.1%, to 13,367.65.