Asia Markets: Asian markets bounce back, led by gains in China

Stock markets in Asia started higher Tuesday, a day after the region’s largest indexes lost about 1% each.

Japan’s Nikkei NIK, +0.51% gained 0.6% on a yen pullback as the index erased nearly half its Monday’s slide. Insurance and financial companies led the gains, with Sumitomo Mitsui Financial Group 8316, +0.49% up 1.4% and Mitsubishi UFJ Financial Group 8306, +0.55% rising 1%. Fast Retailing 9983, -0.26% slipped 0.5%.

Chinese large caps were some of Asia’s best performers Tuesday morning, repeating the place they held Monday, as financials continued to climb. The Shanghai Composite SHCOMP, +1.62% was up 1.6% and the Shenzhen Composite 399106, +1.49% was up 1.3%.

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