Asian shares up on China gains but tech worries weigh – Reuters

Asian shares up on China gains but tech worries weigh – 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 (.MIAPJ0000PUS) gained 0.2%, swinging into positive territory after Chinese blue chips (.CSI300) rose 0.13%. South Korea (.KS11) gained 0.4%.Elsewhere, Japan's Nikkei (.N225) dropped 1.84%, as the country continues to grapple with a resurgence in COVID cases. Australia (.AXJO) slipped 0.33%.Hong Kong (.HSI) fell 0.11% although Chinese food delivery giant Meituan's (3690.HK) 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 Inc (TSLA.O).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. read more "This morning in Asia looks like a continuation of what we saw last night, where tech stocks got hit in the U.S.," said Mick McCarthy, Chief Markets Strategist, CMC Markets.McCarthy said that the falls in