Stocks rise as calm returns after heavy selloff

Published by
Reuters UK

By Selena Li HONG KONG (Reuters) – Stocks rose and the safe-haven dollar edged down on Tuesday as investors paused for breath after a steep selloff, but concerns remain about aggressive central bank interest rate hikes and risks of a global recession. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.3%, edging up from a more than five-week low hit and set for its best day in around two weeks. Japan’s benchmark Nikkei average gained 2.22%. Gains were broadbased, but Chinese tech names were among the leaders with Hong Kong-listed firms up 1.9%. European shares were also set to e…

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