Sydney: Asian stock markets opened on Tuesday with modest gains, following leads in Europe and on Wall Street.
Japan's Nikkei 225 rebounded from a five-month low on Monday by 0.2 per cent to 8,647.62. South Korea's Kospi recovered ground lost the day before, jumping 1.6 per cent to 1,738.71. Australia's S&P ASX 200 rose 0.8 per cent at 4,113.20. Benchmarks in Taiwan, the Philippines and mainland China were also higher.
Hong Kong's Hang Seng index slipped 0.3 per cent to 19,422.73. Benchmarks in Singapore and Malaysia were also lower.
On another day of big swings in the Dow Jones industrial average, Wall Street ended on Monday with a modest gain as did most European shares.
However, global stocks have been volatile in recent weeks as investors gyrated between fears of a double-dip recession in the US and hopes that the Federal Reserve will soon take action to revitalize the economy.
Steven Daghlian, market analyst with Australian stockbroker Commsec, said the Australian market was likely taking a slightly positive lead from the United States.
"US markets gained slightly, but nothing really significant" happened, Daghlian said.
"In early trade, anyway, the market's slightly stronger. But keep in mind that over the past week or so it's been very, very volatile," he added.
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