Japan Shares Bounce Back, Leading Asian Gainers
Asian markets opened higher Tuesday after many fell Monday in wake of Friday's terrorist attacks in Paris. Japan's Nikkei 225 index rose 1.3 percent, making up all of Monday's 1.04 percent drop.
It was one of the biggest decliners in Asia on Monday after the government released its third-quarter economic report, showing the country had slipped into recession again.
Meanwhile, Australia's ASX 200 rose 0.9 percent while New Zealand's NZX 50 gained 0.3 percent. The gains in Asia followed gains in the U.S., where investors had calmed down by the time markets opened Monday.
Earlier, U.S. stock futures had pointed down. Gains in the U.S. were led by energy shares as oil prices rose on speculation France's airstrikes against ISIS terrorist strongholds in Syria would lead to oil supply disruptions.
European shares had closed mixed, with the pan-European FTSEurofirst 300 index ticking up by 0.16 percent and France's CAC dipping only 0.12 percent, Reuters reported.
"In light of all the tragedy in France, it is refreshing to see that the terrorists did not successfully terrorize the financial markets ... and even though investors sold the EUR/USD, the decline could have been a lot steeper. In fact, we did not see any unusually large moves in currencies," wrote Kathy Lien, managing director of FX Strategy for BK Asset Management, according to Reuters.
Meanwhile, the U.S. dollar stood near a one-week high of 123.33 yen, Reuters reported, and the dollar also stood tall against the Swiss franc after advancing to an eight-month high.
The euro was steady at $1.0688 after losing about 0.9 percent overnight, and oil continued gaining after the Paris attacks raised geopolitical tensions that were seen to threaten global oil supply, Reuters wrote. U.S. crude, meanwhile, rose 0.3 percent, to $41.87 a barrel.
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