Asian Stocks Finish With Gains

Stocks in Asia closed higher, with Japan's benchmark index rising 0.4%, amid optimism over a recovery in the world economy.
Author:
Publish date:

Updated from 12:04 a.m. EST

Asian stock markets closed mostly higher Tuesday, shrugging off lackluster trading in the U.S. and Europe amid growing optimism the world economy will recover later this year.

Japan's Nikkei 225 stock average finished higher by 0.4% to 9080.84, as a weaker yen boosted exporters like

Sony

(SNE) - Get Report

and

Toyota

(TM) - Get Report

. The benchmark index has risen for six straight days.

Sony rose 7.6%, and Toyota added 1.3% despite announcing it planned to halt production at all 12 of its nationwide plants for 11 days over February and March.

The Shanghai Composite Index rose 3%, while South Korea's Kospi climbed 1.8%. The S&P/ASX 200 index in Australia gained 1.5%. The Hang Seng index in Hong Kong declined 0.4%.

Markets in Europe were trading slightly higher Tuesday. The FTSE 100 index in London rose 0.2%, while the DAX in Frankfurt rose a similar amount.

Premarket futures in the U.S. indicated stocks on Wall Street would open to the upside.

On Monday, the start of the first full trading week of 2009, stocks in the U.S. closed lower as dismal sales data from U.S. automakers dampened sentiment. The

Dow Jones Industrial Average

ended down 81.80 points, or 0.9%, at 8952.89, and the

S&P 500

edged lower by 4.35 points, or 0.5%, to 927.45. The

Nasdaq

was off 4.18, or 0.3%, at 1628.03.

Copyright 2008 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.