TOKYO — Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite surging coronavirus cases in many places.
China reported its exports rose nearly 31% in March, in line with expectations but weaker than the 60% growth seen in the first two months of the year.
The rising trade activity reflects higher demand in overseas markets even as some countries reimpose precautions to counter rising numbers of new infections.
Japan’s benchmark Nikkei 225 NIK, 0.77% gained 1.1% in morning trading. South Korea’s Kospi 180721, 0.89% gained 1% and Australia’s S&P/ASX 200 XJO, -0.15% inched up 0.1%. Hong Kong’s Hang Seng HSI, 0.47% rose 0.9%, while the Shanghai Composite SHCOMP, -0.19% was little changed. Stocks fell in Indonesia JAKIDX, -0.72%, but advanced in Singapore STI, 0.17% and Taiwan Y9999, 0.04%.