Asia markets to eye oil prices, currencies, company news

Asia markets gained on Tuesday morning as investors shrugged off the disappointment from the current U.S. administration’s ability to push through legislation to repeal and replace the Obama-era health-care law.

Japan’s Nikkei 225 rose 0.82 percent, recovering most of its losses of 276 points, or 1.44 percent, seen yesterday.

Fujitsu and Lenovo Group announced the postponement of their target date for a final deal on their personal computer business tie-up to sometime in the first-half of 2017, the Nikkei business daily reported. Shares of Fujitsu were up 2.32 percent and the Hong Kong-listed Lenovo was up 0.61 percent.

Down Under, the ASX 200 added 1.02 percent, underpinned by strength in its energy sub-index, which was up 1.22 percent, and the materials sub-index, which was up 0.81 percent.

In South Korea, the Kospi was up 0.28 percent, after the country revised its fourth-quarter gross domestic product up 2.4 percent year-on-year, from the 2.3 percent expected gain. For the full year, the economy grew by 2.8 percent, expanding at a similar rate to 2015, Reuters reported.

The Shanghai composite was down 0.09 percent and Shenzhen composite slipped 0.1 percent. Hong Kong’s Hang Seng index was up 0.61 percent in early trade.

In Hong Kong , Guotai Junan Securities will kick off its IPO subscription. It plans to raise HK$16.04 billion ($2.1 billion), and has priced the IPO already, at HK$15.84 per stock.

Related securities such as Shanghai-listed Guotai Junan Securities fell 0.32 percent and Hong Kong-listed Guotai Junan International was down 0.37 percent.

“This is a Teflon market where literally nothing sticks,”…

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