Asian shares mostly gain after Dow tumbles into bear market
Stocks are mostly higher in Asia after heavy selling on Wall Street put the Dow Jones Industrial Average into what’s known as a bear market
By ELAINE KURTENBACH
Published - Sep 27, 2022, 03:12 AM ET
Last Updated - Jun 24, 2023, 06:57 AM EDT
Asian stocks were mostly higher on Tuesday after heavy selling on Wall Street put the Dow Jones Industrial Average into what’s known as a bear market.
U.S. futures and oil prices gained. Tokyo, Sydney and Shanghai advanced while Hong Kong declined.
The week started out with a bout of selling amid an extended slump for many markets. The benchmark S&P 500 is down more than 7% in September. But buying kicked in as investors awaited a slew of updates on the U.S. economy.
Tokyo's Nikkei 225 index picked up 0.5% to 26,571.87 and the S&P/ASX 200 added 0.4% to 6,496.20. In Seoul, the Kospi rebounded from earlier losses, edging 0.1% higher to 2,223.86.
