Most Asian markets rise as Tokyo shares recover, Hong Kong shares edge up.
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Most Asian markets advanced Tuesday, as Japanese stocks rose slightly and as Hong Kong shares edged up on China-related stocks. Shares in mainland China surged to a five-year closing high. Tokyo’s benchmark Nikkei 225 index rose 47.54 points, or 0.29 percent, to finish at 16,399.39 points, after plunging 1.9 percent Monday. With earnings season in full-swing, the market seems disappointed that more Japanese companies haven’t revised upward their earnings forecasts for the full fiscal year through March. Worries about slower growth in the U.S. also weighed on sentiment. Machinery stocks and some electronics advanced, with Fanuc Ltd. gaining 6.17 percent to 10,150 yen (US$86.75) and Toshiba Machine Co. jumping 2.82 percent to 1,056 yen (US$9.03). Sony… |