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Asia Markets: Asian markets rally after Wall Street snaps losing streak

Asian stocks rallied Tuesday, following strong gains on Wall Street that snapped five straight days of losses. Investors may have also been buoyed by increased optimism over a Brexit vote in the British Parliament later in the day after Prime Minister Theresa May won last-minute concessions from the EU on the so-called Irish backstop.

Japan’s Nikkei NIK, +1.96% gained 1.9% and Hong Kong’s Hang Seng index HSI, +1.40% rose 1.4%. On the Chinese mainland, the Shanghai Composite SHCOMP, +1.61% advanced 1.5% while the smaller-cap Shenzhen Composite 399106, +1.94% rose 1.7%. South Korea’s Kospi SEU, +0.82% nudged up 0.9% and Australia’s S&P/ASX 200 XJO, +0.39% inched up 0.3%.

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