Asia Markets: Asian markets start August with gains

Equities continued to rise Tuesday, with Asian stocks starting August widely higher during what has been a strong earnings season so far.

But there has been caution that further declines in the U.S. dollar, near its lowest levels in a year, could crimp results. A weaker dollar could make Asian exports less competitive over time.

Korea led the way in Asia, where the Kospi stock benchmark SEU, +0.76% had been logging record highs before a pause capped by Friday’s 1.7% slide, its biggest of 2017.

But the index rebounded 0.9%, with index heavyweight Samsung 005930, +0.62% recovering 0.7% after recent weakness.

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