Asian stocks extend gains as Nikkei hits 26-year high

Over in Seoul, the Kospi shed 0.12 percent to close at 2,510.23. Talks between North in addition to also South Korea, the first of their kind in more than two years, resulted in North Korea stating This particular would certainly send a delegation to the upcoming Winter Olympics hosted by the South, Reuters said, citing a South Korean official.

Also of note, South Korea announced Tuesday This particular would certainly give thought to briefly lifting sanctions against the North if required, in order for the latter to take part within the games.

Shares of Samsung Electronics fell 3.11 percent after the company announced its fourth-quarter earnings guidance on Tuesday. The tech giant said This particular was estimating a record 15.1 trillion Korean won ($14.13 billion) in operating profit for the quarter. Still, which was a touch below the 15.9 trillion won forecast by Reuters.

additional technology names were mixed. SK Hynix closed down 1.66 percent in addition to also LG Electronics climbed 3.81 percent after its stock stumbled within the last session following a lower-than-expected fourth-quarter profit estimate.

Over in Sydney, the S&P/ASX 0 clung to gains, closing 0.09 percent higher at 6,135.8. The resource sector was the best-performer of the day, with major mining companies Rio Tinto in addition to also BHP rising 2.34 percent in addition to also 1.67 percent, respectively.

Greater China markets were also slightly higher. Hong Kong’s Hang Seng Index edged up 0.37 percent at 3:07 p.m. HK/SIN, as investors eyed an 11th straight days of gains. Technology firms in addition to also casinos were mostly higher, with Tencent soaring 1.23 percent in addition to also Sands China higher by 4.01 percent at 3:09 p.m. HK/SIN.

On the mainland, the Shanghai Composite tacked on 0.16 percent to close at 3,414.83 in addition to also the Shenzhen Composite rose 0.32 percent to end at 1,952.18.

U.S. stocks closed mixed on Monday. With no major data released stateside overnight, investors there looked to quarterly earnings releases due at the end of the week.

Several major U.S. banks, including J.P. Morgan in addition to also Wells Fargo, are among the first names reporting on Friday in addition to also investors will be looking for signs about how improvements within the taxcode will impact businesses.

The Dow Jones industrial average edged down 0.05 percent, or 12.87 points, to close at 25,283. additional indexes notched slight gains.

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