Almost all of the stocks in Asia were traded in the positive territory. They were drawing strength from the rally in the U.S. market driven by the deal to end the recent U.S. government shutdown. The Japanese benchmark, Nikkei 225 index, extended its gains from yesterday after climbing by 0.64 percent. The Kospi index in South Korea jumped as high as 0.36 percent, with auto stocks taking the lead. Down under, the ASX 200 index closed 0.64 percent higher thanks to a rally in the energy sector.
Looking at individual stocks, Japanese automakers performed particularly well. Mitsubishi Motors, Honda and Toyota added 2.28 percent, 0.48 percent and 1.66 percent respectively. In contrast, the South Korean tech company, LG Electronics, lost more than 3.67 percent on account of news according to which U.S. President Donald Trump signed a tariffs bill on some washing machines.
The prices of gold remained unchanged on Tuesday after the dollar trimmed some of its declines yesterday. U.S. gold futures edged higher by 0.2 percent to finish at $1,333.90 per ounce. Spot gold closed at $1,334.36 per ounce.
The U.S. dollar index kept stable versus its major peers settling at 90.113 – not far from its weakest level in three years of 90.322.