Asian stocks shuffle higher as Pelosi presses on ✔️ Stratford Management Tokyo Japan

August 4, 2022
Posted by: Stratford Team
Category: Economy

A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato

TOKYO/SINGAPORE, Aug 4 (Reuters) – Asian stocks rose in a choppy session on Thursday as a bit of nervous tension over Nancy Pelosi’s visit to Taiwan dissipated and as investors took cues from robust U.S. data and earnings.

Hong Kong tech shares (.HSTECH) led the attempted rebound with a gain of 2.8%, reeling in some of the losses suffered as Sino-U.S. frictions flared over a visit to Taipei this week by House of Representatives Speaker Pelosi, which angered China.

The Hang Seng (.HSI) rose 1.7%. Japan’s Nikkei (.N225) rose 0.7%. MSCI’s broadest index of Asia-Pacific shares (.MIAP00000PUS) gained 0.5% and crude prices steadied after sliding on news of slackening demand and higher supply.