Asia Markets: Asian Markets Mostly Rise, Following Wall Streets Lead

Asian markets were mostly higher in early trading Wednesday, following gains on Wall Street after stocks started the week down on fears of an escalating trade war between the U.S. and China.

President Donald Trump on Tuesday downplayed tensions, calling the situation a “little squabble” and stressing what a good relationship he has with China’s President Xi Jinping. But he also hinted at imposing 25% tariffs on another $325 billion of Chinese goods — essentially everything China exports to the U.S.

Read: China’s economic activity cools in April

Japan’s Nikkei NIK, +0.16%   was last about flat. Hong Kong’s Hang Seng Index HSI, +0.73%   rose 0.7% while the Shanghai Composite SHCOMP, +1.10%   advanced about 1%. South Korea’s Kospi SEU, +0.56%   advanced 0.6%, and Taiwan’s Taiex Y9999, +0.84%   jumped 0.8%, while benchmark indexes in Singapore STI, -0.01%   and Indonesia JAKIDX, -1.05%   were about flat. Australia’s S&P/ASX 200 XJO, +0.64%   rose 0.5%.

Among individual stocks, Nissan Motor 7201, -7.12%   plunged after posting its worst fiscal-year earnings in 11 years Tuesday, and warned of more losses to come. Elsewhere in Tokyo trading, Takeda Pharmaceutical 4502, -8.15%   sank, as did Yahoo Japan 4689, -3.74%  . In Hong Kong, food processor WH Group 0288, +5.14%  , which has been battered amid a swine fever outbreak, rose. Insurer AIA Group 1299, +2.71%   and oil producer CNOOC 0883, +1.82%   also gained. LG Electronics 066570, +1.68%   rose in South Korea, as did Taiwan Semiconductor 2330, +1.01%   in Taiwan. BHP BHP, +1.68%   advanced in Australia, along with Rio Tinto RIO, +1.93%   and Beach Energy BPT, +3.82%  .

Providing critical information for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up here.

RECENT NEWS

What A Rising VIX Means For Pension Funds

Wall Street’s latest selloff has moved beyond a technology-sector wobble and become a broad market event. The Nasdaq C... Read more

Behaviour Cannot Fix A Portfolio Construction Flaw

A Retiree Shouldn't Be Asked to Behave Their Way Out of a Portfolio Construction Problem Why behavioural coaching shoul... Read more

Behavioural & Retirement Portfolio Resilience

Behavioural Survivability and Retirement Portfolio Resilience Why the lived experience of market recovery matters as mu... Read more

Australia's Rate Rise Bites: Highest In 15 Years

The Reserve Bank of Australia has lifted interest rates to their highest level since 2011, and its governor admits the w... Read more

October Retirement Portfolio Resilience Assessment

Markets stabl Read more

Gyrostat September Retirement Portfolio Resilience Assessment

September Retirement Portfolio Resilience Assessment Markets have fallen. The price of risk has risen. ... Read more