Asian markets rise, shakes of China decline concerns

Asian markets bounced back from small early losses on Tuesday after senior economic officials said Beijing would cut taxes and keep monetary policy flexible to help China's decline persist.

Japanese Nikkei 225 Index

NIK, + 0.96%

reopening after a market holiday, increased 0.8%. Kospi

SEU, + 1.58%

in South Korea jumped 1[ads1].3%. Hong Kong's Hang Seng

HSI, + 1.87%

recovered 1.7% after finishing 1.4% lower on Monday. Shanghai Composite Index

SHCOMP, + 1.34%

was up 0.9% and Australia's S & P ASX 200

XJO, + 0.71%

increased 0.5%. Stocks rose in Taiwan

Y9999, + 1.01%

Singapore

STI, + 1.48%

and Indonesia

JAKIDX, -0.40%

.

Among individual stocks, Japanese camera and optics maker Olympus Corp.

7733, + 17.48%

shot higher after recent upgrades by a number of analysts. In Hong Kong, AAC Technologies

2018, + 5.70%

and China Life Insurance

2628, + 3.55%

posted strong gains while Samsung

005930, + 2.62%

and SK Hynix

000660, + 3.06%

rallied in South Korea. Australia's energy companies like Woodside Petroleum

WPL, + 1.15%

and Beach Energy

BPT, + 4.15%

increased as oil prices were achieved.

News Monday Chinese exports fell in December weighed on US indices. Technological companies fell, but a strong quarterly report from Citigroup

C, + 3.95%

raised bank deposits. The broad S & P 500 index

SPX, [0.545%] cast 0.5% to 2.582.61. Dow Jones Industrial Average

DJIA, -0.36%

lost 0.4% to 23,909.84 and the Nasdaq composite

COMP, -0.94%

was 0.9% lower at 6.905.92.

Mainland Chinese company shares grew after senior economic leaders, informed reporters on Tuesday of the outcome of an annual policy setting meeting last month, committed to keeping monetary policy to the world's No. 2 economy flexible but stable and to support growth with Better access to finance for private and small businesses. The insurance came as China's worst downside since the global financial crisis in connection with a punishment for disputes with the United States.

On Monday, China reported exports to the United States fell 3.5% from the previous year in December to $ 40.3 billion, although its overall trade surplus with the US increased last year. Markets initially began to worry that tariffs were pulling on the world's second largest economy. However, buying enthusiasm restored hoping that Chinese dealers will be more concerned with resolving a trade dispute with US Chinese vice president Liu He is set to lead dealers in Washington talks later this month.

"Early migrants had mostly led to greening, mating back losses from Monday's concern over China's trade," says Jingyi Pan of IG in a market commentary. previously was set. The impetus this gives for a resolution in the US and China had also probably inspired the gain, "she added.

US crude oil benchmark

CLG9, + 1.35%

added 62 cents to $ 51.13 per barrel in electronic commerce on the New York Mercantile Exchange. The contract lost $ 1.08 to pay off at $ 50.51 a barrel on Monday. Burned crude oil

LCOH9, + 1.25%

the international standard, received 71 cents to $ 59.70. It raised $ 1.49 to $ 58.99 a barrel in London.

dollar

USDJPY, +0.50%

strengthened to 108.51 yen from 108.16 yen late on Monday.