Asian defense stocks rose for a second straight session on Tuesday, even as trading in the region was mixed and investors weighed geopolitical risks following the US attack on Venezuela and the capture of ousted leader Nicolas Maduro.
Japanese defense firm Kawasaki Heavy Industries rose 3.53%, while IHI added 3.23%. Shares of South Korean company Korea Aerospace jumped as much as 11%, while Poongsan jumped more than 6%. Hanwha Aerospace rose 0.59%.
Japan’s benchmark Nikkei 225 rose 0.69%, while the Topix advanced 1.3% to a record high. South Korea’s Kospi was unchanged, while the small-cap Kosdaq fell 0.43%, SEEbiz reports.
Australia’s ASX/S&P 200 fell 0.42%.
Hong Kong’s Hang Seng index added 1.6%, led by gains in the basic materials and real estate sectors. Among the biggest gainers on the index were China Hongqiao, one of the world’s largest aluminum producers, which advanced 7.89%, and Zijin Mining Group, which rose 5.57%.
The onshore CSI 300 added 0.47%.
