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Asia ends higher on U.S. gains


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HSBC jumped 2.6 percent in Hong Kong on a strong profit result and its China bank investment plans.
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(CNN) -- Most Asian markets closed higher Tuesday as investors welcomed Wall Street's resilience in the face of a terror alert, but Tokyo ended in the red.

Hong Kong and Singapore look set to post the region's biggest gains, with the Hang Seng jumping almost 1.3 percent and the Straits Times index up about 1 percent near the close.

South Korea's Kospi ended 0.95 percent ahead and New Zealand and Australia both closed near record highs.

The dollar was firmer against the Japanese yen at around 111 yen late in the Asian day.

The Nikkei 225 stock average finished the day down 0.73 percent to 11,140.57. On Monday, the index fell 0.91 percent.

The broader Topix index of all first section issues on the Tokyo Stock Exchange lost 0.76 percent to 1127.03. The Topix fell 0.32 percent the day before.

Prices on Tokyo's main index initially rose Tuesday following Wall Street's gains.

But investor sentiment changed as the day wore on, with falls for big exporters such as Sony, which closed down 1.8 percent to 3820 yen, and Fujitsu, down 1.9 percent to 674 yen.

In the automotive sector, Toyota finished down 1.35 percent to 4370 yen and Honda ended 0.7 percent in the red. Mitsubishi Motors continued to tumble, down more than 12 percent to a fresh record low of 79 yen.

Big banks were mixed, with a slight gain for Mizuho and modest falls of 0.6 percent for UFJ and MTFG. But SMFG dropped 2.3 percent to 638,000 yen.

In Seoul, the Kospi finished 0.95 percent ahead to 726.44. There were gains of 3 percent-plus for SK Telecom, Kookmin Bank and big exporter Hyundai Motor.

Samsung Electronics put on 1.2 percent to close at 413,000 won.

In Australia, the S&P/ASX200 finished up 0.27 percent to 3554.4, within sight of its record high of 3568.7.

Market heavyweight News Corp jumped 1.65 percent ahead to A$12.30 and leading bank NAB picked up 0.9 percent to A$27.05.

In Hong Kong, the Hang Seng index finished 1.28 percent ahead to 12,357.12.

Big bank HSBC was up 2.6 percent to HK$118.00 after Monday's strong profit result and confirmation of its China bank investment. (Full story)

In Singapore the Straits Times index is up about 1.1 percent to 1908.76, with gains for SingTel and Singapore Airlines.

Taiwan's Taiex put on 0.31 percent to 5367.22. Chip maker TSMC jumped 2.8 percent to T$44.00.

Wall Street on Monday shrugged off concerns over any potential terror strike on financial institutions. Stocks were higher following an upbeat earnings report from Procter & Gamble Co. and a positive reading on manufacturing activity.

The Dow Jones industrial average rose 0.4 percent to close at 10,179.16, while the tech-heavy Nasdaq composite index gained 0.3 percent to 1,892.09. (Full story)


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