Asian shares up on China gains but tech worries weigh By Reuters – Investing.com

Asian shares up on China gains but tech worries weigh By Reuters – Investing.com

© Reuters. A man is reflected on a stock quotation board in Tokyo

By Alun John HONG KONG (Reuters) - Asian shares rose on Tuesday, led by a stronger Chinese opening and shaking off the initial drag from tech-driven Wall Street losses, while the dollar stayed at multiweek lows against other major currencies. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2%, swinging into positive territory after Chinese blue chips rose 0.13%. South Korea gained 0.4%. Elsewhere, dropped 1.84%, as the country continues to grapple with a resurgence in COVID cases. Australia slipped 0.33%. Hong Kong fell 0.11% although Chinese food delivery giant Meituan's shares rose 1.59% after the company said it had raised a huge $9.98 billion through an equity and convertible bond sale. Earlier, major Wall Street indexes drew back from record highs hit list week, with a big drag from Tesla (NASDAQ:) Inc. The electric-car maker slid 3.4% after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Saturday north of Houston, killing two occupants. "This morning in Asia looks like a continuation of what we saw last night, where tech stocks got hit in the U.S.,"