Asian stocks shrug off Sino-US tension to resume gains
SINGAPORE/BOSTON: Asian stock markets rose on Tuesday on relief that another round of Sino-U.S. sparring appears not to have spilled over into trade, while hopes for U.S. stimulus lent support to oil and commodity currencies.
MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 1%. Japan’s Nikkei returned from a holiday with a 1.7% gain led by healthcare and industrial stocks and the Hang Seng bounced 2.2%.
The risk-sensitive Australian and New Zealand dollars each lifted abo…