A person wearing a protective mask walks past the Hong Kong Exchanges & Clearing Ltd signage. (HKEX) is shown at the Exchange Square complex in Hong Kong, China, Wednesday, Aug. 19, 2020.
Roy Liu | Bloomberg via Getty Images
Shares in Hong Kong were volatile, while markets in mainland China continued to fall on Tuesday, while other major Asian markets rose after Wall Street’s second consecutive positive session.
The Hang Seng index in Hong Kong recovered slightly to trade 0.87% higher after falling earlier in the session. Hang Seng Tech was almost 4% higher after losing more than 3% at the open.
Chinese tech stocks in the US and the Hang Seng index fell sharply to start the week on a shift in investor sentiment after the conclusion of China’s party congress and the release of a slew of delayed economic data.
Mainland China’s Shanghai Composite also reversed direction to rise 0.74%, while the Shenzhen component added 0.524%.
The Nikkei 225 rose 1.21% and the Topix rose 1.25%. In Australia, the S&P/ASX 200 rose 0.25%.
South Korea’s Kospi rose 0.35%, while the Kosdaq gained 0.17%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.44%.
Singapore will release inflation data on Tuesday.
Overnight in the US, the Dow Jones Industrial Average rose 417.06 points, or 1.3%, to close at 31,499.62. The S&P 500 rose about 1.2% to close at 3,797.34. The Nasdaq Composite added nearly 0.9% to end at 10,952.61.