Hong Kong
CNN
—
Stocks in the Asia Pacific region rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players.
The S&P/ASX 200 in Australia jumped 1.3%, boosted by its AXFJ index, a measure of banking stocks, which surged 1.7%.
In Hong Kong, the Hang Seng Index
(HSI) opened up 0.8%. China’s Shanghai Composite was 0.3% higher at the start of its trading session.
South Korea’s Kospi ticked up 0.8%. Japanese markets were closed for a public holiday. Singapore’s Straits Times Index gained 1.1%.
US stock futures were flat in Asian trade Tuesday, with Dow futures, S&P 500 futures and Nasdaq futures little changed.
That followed a sunnier day on Wall Street, as investors became more confident in the outlook for the general banking sector,…
