Asian Markets Stop The Bleeding As Hang Seng Storms Higher

Asian markets stormed higher overnight after a multi-day selloff. Concerns over further Chinese tightening seemed to abate, at least for 24 hours, with both major Chinese indices rising.

After two days of post Christmas rate hike losses, the Shanghai Composite turned it around and rose 0.68%. The Hang Seng shot up 1.54%.

Chart

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.