Asia Markets: Asian markets mostly gain after Monday’s slide

Asian markets largely gained in early Tuesday trading, a day after a regional sell-off sparked by fresh worries of a coming U.S. recession.

Japan’s Nikkei NIK, +2.01%   was last up 1.8%, after sliding 3% Monday. Hong Kong’s Hang Seng index HSI, +0.14%   rose 0.2%, while the Shanghai Composite SHCOMP, -0.99%   was down 0.3%. South Korea’s Kospi SEU, +0.20%   advanced 0.2%, and benchmark indexes in Taiwan Y9999, +0.53%  , Singapore STI, +0.78%   and Indonesia JAKIDX, -1.75%   gained. Australia’s S&P/ASX 200 XJO, +0.16%   was about flat.

Among individual stocks, Nintendo 7974, +4.86%   jumped in Tokyo trading after a report that the videogame company plans to launch two new versions of its Switch gaming console this summer. Toyota 7203, +1.74%   and oil producer Inpex 1605, +2.51%   also gained. In Hong Kong, oil company CNOOC 0883, +1.78%   and tech-component maker Sunny Optical 2382, +2.41%   rose. Samsung 005930, -0.66%   declined slightly in Korea after warning it would miss quarterly earnings expectations due partially to weaker chip sales. Shares of ASUSTEK 2357, +0.91%  , which makes ASUS computers, rose in Taiwan despite a report that tens of thousands of its computers had been infected by a malicious auto-update virus. Oil Search OSH, -0.87%   and Woodside Petroleum WPL, -1.06%   slipped in Australia.

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