STOCKS IN JAPAN REBOUND FOLLOWING EARLIER TUMBLE AMID GLOBAL GROWTH WORRIES

, Magazine

Stocks in Japan bounced back partially on Tuesday after the previous day’s heavy losses as concerns over the global economy weighed on investor sentiment.

Following its Monday tumble, the Nikkei 225 rose 2.15 percent to close at 21,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.70 percent. The Topix index also added 2.57 percent to end its trading day at 1,617.94..

Nintendo saw its stock surge 4.76 percent on the day following a Monday report by the Wall Street Journal that it is set to launch new models of its Switch video game console later this year.

MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher at 522.41 as of 3:17 p.m. HK/SIN.

Mainland Chinese shares closed lower, with the Shanghai composite slipping 1.51 percent to 2,997.10 and the Shenzhen component declining 1.94 percent to 9,513.00. The Shenzhen composite declined 2.176 percent to 1,639.94.

In Hong Kong, the Hang Seng index slipped 0.19 percent in its final hour of trading.

Over in South Korea, the Kospi closed 0.18 percent higher at 2,148.80. Shares of Samsung Electronics slipped 0.55 percent after the company issued a warning on its first-quarter earnings.

Meanwhile, shares in Australia rose as the ASX 200 rose fractionally to close at 6,130.60.