Publish date:

Asian Markets Bounce Back

The Nikkei gains 0.85%, breaking its five-day losing streak; the Shanghai Composite reverses an early loss.

Updated from 9:42 p.m.

Asian markets closed higher on Tuesday led by the Nikkei, which broke its five-day losing streak, and India's Sensitive Index.

The Nikkei gained 202.25, or 1.8%, to 16,844.50.

Toyota Motors

(TM) - Get Toyota Motor Corp. Sponsored ADR Report

, which had dropped 11% in the last four trading days, regained 3.5%. The broader Topix Index was up 1.2% to 1692.54.

. On Monday the Nikkei 225 Index dropped 3.3% to 16,642.25, and the Topix lost 3.4% to 1662.71, on a day that saw the yen trading near its highest level against the dollar in almost three months.

India's Sensex climbed 2.6%, to 12,697.09, led by

TheStreet Recommends


(IBM) - Get International Business Machines (IBM) Report



(INFY) - Get Infosys Limited Sponsored ADR Report


In China, the Shanghai Composite Index shed 46.22 at the open, to 2785.30, but reversed its loss to gain 44.69 on the day, closing at 2520.29.

Taiwan's Taiex was up 106.50, or 1.45%, to 7,451.06; and South Korea's Kospi Index climbed 26.78, or 1.95%, to 1,402.93, ending its four-day drought.

Singapore's Straits Times Index rose 54.23 to 3,036.52; and Kuala Lumpur's Composite Index gained 1.82%.