Stocks in Asia rise as dollar edges up; copper holds onto overnight gains

Stocks in Asia rose in early Tuesday trade as commodities held onto most overnight gains made on the back of better-than-expected China producer prices.

Japan’s Nikkei 225 was up 0.49 percent in early trade, continuing its upward trajectory after touching a fresh 21-year high in the last session. Automakers, financials and manufacturing names traded higher after the dollar edged up against the yen.

Meanwhile, South Korea’s benchmark Kospi index advanced 0.1 percent as steelmakers pared gains made in the last session. Tech stocks, however, were mostly higher: Samsung Electronics rose 1.67 percent and SK Hynix gained 1.78 percent.

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Posted in: Indian Market Tips