China’s strong session boosts Asian shares

Asian share markets were seen upbeat on Tuesday, with Chinese shares leading the jump as they resisted Wall Street’s tech-driven decline. The dollar, on the other hand, remained weak against its major peers.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.2% hike. The index’s upswing came after Chinese blue chips’ 0.13% gain and South Korea’s 0.4% jump. Japan’s benchmark Nikkei bucked the trend, dropping 1.84% as the country struggles to control surging coronavirus cases.

Hong Kong shares also dropped, but they later drew momentum from Meituan’s strong trading session. Wall Street was dragged by Tesla as the carmaker’s shares dropped 3.4%. Meanwhile, the dollar lagged 0.08% behind the yen, with its performance against the euro and the Australian dollar also subdued.