Asian stocks catching bids, confidence bolstered by China RRR cuts

• Pacific markets open on the upside for Tuesday, bolstered by China moves.
• Monday’s shock at China’s huge Trade Balance miss has largely washed  out.

Asian equities are on the rise for Tuesday, jumping higher on headlines of Chinese easing via further reserve ratio cuts in an attempt to unlock further liquidity, helping to bolster stock markets through the Pacific sector and reversing Wall Street’s declines to close out Monday.

Japanese stocks are bidding up nicely, with the Nikkei 225 index rising 0.57% with Tokyo’s Topix index right behind,  up 0.50% for Tuesday; Chinese  indexes are opening firmly into the upside, with Hong Kong’s Hang Seng index climbing 0.91% and looking for room to run, while Shanghai’s CSI 300 clips higher by 0.30%, and Australia’s ASX 200 is also up 0.45% for the day. Emerging markets remain off-balance on global growth concerns, with the broad Asia-Pacific MSCI index still in the red by -0.60%.

Nikkei 225 Technical Levels