Asia Markets: Asian markets jump back to life after days of declines

Asia-Pacific stocks rose sharply Tuesday as opposition in Washington to planned U.S. tariffs on steel and aluminum grew.

Leading regional gains, the Nikkei Stock Average NIK, +2.15% was up 2.2% in early trading, after hitting its lowest closing level since October a day earlier.

The index was supported by softness in the yen versus the U.S. dollar JPYUSD, -0.118505% , which was last at ¥106.27, up from ¥105.56 when Tokyo stocks stopped trading Monday.

South Korea’s Kospi SEU, +1.34% and Australia’s S&P/ASX 200 XJO, +1.15% were up 1.3% each, while benchmarks in Singapore STI, +1.18% and Taiwan Y9999, +1.28% added 1%.

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