Stocks in Asia take off, Hong Kong’s Hang Seng surges 668 points




SYDNEY, NSW, Australia — Defying sliding global stock markets, Asian investors weighed into stocks on Tuesday.

In Hong Kong, leading the way, the Hang Seng surged 667.94 points or 3.15 percent to 21,889.28.

In Japan, the Nikkei 225 advanced 396.68 points or 1.48 percent to close Tuesday at 27,224.11.

China’s Shanghai Composite added 6.18 points or 0.19 percent to 3,259.86.

The Australian All Ordinaries gained 61.80 points or 0.82 percent to 7,620.70.

In New Zealand, the S&P/NZX 50 climbed 26.94 points or 0.22 percent to 12,204.69.

Seoul, South Korea’s Kospi Composite rose 23.95 points or 0.89 percent to 2,710.00.

On foreign exchange markets, the U.S. dollar was universally higher Tuesday. The euro sank to 1.0972 by the Sydney close. The British pound wilted to 1.3135. The Japanese yen weakened sharply to 1.2046. The Swiss franc drifted down to 0.9365.

The Canadian dollar eased to 1.2605, The Australian dollar fell to 0.7386. The New Zealand dollar eased to 0.6574.

Overnight on Wall Street, the Dow Jones Industrial Average dived 201.94 points, or 0.58%, to close Monday at 34,552.99.

The Standard and Poor’s 500 inched down 1.94 points, or 0.040%, to 4,461.18.

The Nasdaq Composite fell 55.38 points, or 0.40%, to 13,838.46.