Asian Shares Up On China Gains But Tech Worries Weigh

Asian shares rose on Tuesday, led by a stronger Chinese opening and shaking off the initial drag from tech-driven Wall Street losses, while the dollar stayed at multiweek lows against other major currencies.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 0.2%, swinging into positive territory after Chinese blue chips (.CSI300) rose 0.13%. South Korea (.KS11) gained 0.4%.

Elsewhere, Japan’s Nikkei (.N225) dropped 1.84%, as the country continues to grapple with a resurgence in COVID cases. Australia (.AXJO) slipped 0.33%.