Asian shares recovered Tuesday, mirroring gains on Wall Street the day before as investor sentiment improved and oil prices stabilized.
Shanghai’s SSE rallied 3.3 percent to end the session at 2,837 while Tokyo’s Nikkei 225 inched up 0.2 percent to finish at 16,054. Japan reported weak fourth-quarter GDP on Monday. Hong Kong’s Hang Seng rose 1.1 percent to end at 19,122.
The day’s gainers included Shiseido, which rose 1.5 percent to finish at 2,292 yen and Isetan Mitsukoshi, which climbed 1.2 percent to end at 1,310 yen.
Losers of the session included Fast Retailing, which dropped 1.2 percent to end at 32,810 yen, and Li & Fung, which shed 1.97 percent to end the day at 4.48 Hong Kong dollars.
On Monday, China’s yuan hit a new high following a revaluation move from China’s central bank.