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ASIA MARKETS: Asian Markets Mostly Gain After Monday's Slide

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03/25/2019 | 10:29pm EST

By Marketwatch and Associated Press

Nikkei up almost 2%; bad news doesn't hurt Samsung, ASUS much

Asian markets largely gained in early Tuesday trading, a day after a regional sell-off sparked by fresh worries of a coming U.S. recession.

Japan's Nikkei was last up 1.8%, after sliding 3% Monday. Hong Kong's Hang Seng index rose 0.2%, while the Shanghai Composite was down 0.3%. South Korea's Kospi advanced 0.2%, and benchmark indexes in Taiwan , Singapore and Indonesia gained. Australia's S&P/ASX 200 was about flat.

Among individual stocks, Nintendo jumped in Tokyo trading after a report that the videogame company plans to launch two new versions of its Switch gaming console (https://www.wsj.com/articles/nintendo-to-launch-two-new-switch-models-11553494773?mod=searchresults&page=1&pos=1)this summer. Toyota and oil producer Inpex also gained. In Hong Kong, oil company CNOOC and tech-component maker Sunny Optical rose. Samsung declined slightly in Korea after warning it would miss quarterly earnings expectations due partially to weaker chip sales. Shares of ASUSTEK , which makes ASUS computers, rose in Taiwan despite a report that tens of thousands of its computers had been infected by a malicious auto-update virus . Oil Search and Woodside Petroleum slipped in Australia.

Stocks mentioned in the article
ChangeLast1st jan.
ASUSTEK COMPUTER INC. End-of-day quote.
CHINA-SHANGHAI COMP -2.75% 2976.53 End-of-day quote.-2.93%
CNOOC LIMITED 0.31% 13.04 End-of-day quote.0.62%
HANG SENG 0.35% 27949.64 Real-time Quote.-0.85%
INPEX CORPORATION -0.51% 1073.5 End-of-day quote.-7.06%
KOSPI COMPOSITE INDEX -0.94% 2244.85 Real-time Quote.2.09%
NIKKEI 225 0.13% 23827.18 Real-time Quote.0.59%
NINTENDO CO., LTD. 0.39% 43700 End-of-day quote.1.60%
OIL SEARCH LIMITED -1.03% 7.71 End-of-day quote.7.45%
S&P/ASX 200 0.04% 7090.5 Real-time Quote.6.04%
S&P/CITIC 300 INDEX -3.13% 3485.68 Delayed Quote.-1.86%
S&P/CITIC 50 INDEX -2.99% 3600.44 Delayed Quote.-3.65%
SAMSUNG ELECTRONICS CO LTD End-of-day quote.
SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED -0.21% 141 End-of-day quote.3.75%
TOYOTA MOTOR CORPORATION 0.46% 7872 End-of-day quote.3.59%
WOODSIDE PETROLEUM LTD 0.40% 35.39 End-of-day quote.2.53%
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