06:55 AM EDT, 08/05/2025 (MT Newswires) -- Asian stock markets broadly gained on Tuesday on overnight New York rallies and prospects for easing by major global central banks in the second half of 2025.

Hong Kong, Shanghai and Tokyo finished in green, as did most other regional exchanges.

In Japan, the Nikkei 225 opened higher on Wall Street cues, and finishing up 0.6% as traders appraised outlooks for interest rate reductions, or at least a pause in hikes, by the US Federal Reserve and the Bank of Japan.

The benchmark Nikkei 225 rose 258.84 to 40,549.54, as gaining issues outnumbered losers 169 to 54.

Leading the upside was bearings maker NTN, up 15.1%, while social-media platform operator LY declined 12.2%, with both moves following earnings reports.

In economic news, Japan services purchasing managers index (PMI) rose to 53.6 in July from 51.7 in June, and striking further above the 50-mark that separates growth from contraction, reported S&P Global.

In Hong Kong, the Hang Seng Index opened evenly but rose to the close, finishing up 0.7% as traders weighed outlooks for monetary easing in Washington, and possible follow-on adjustments in Beijing.

The broad gauge Hang Seng rose 169.08 to 24,902.53, as gaining issues outnumbered losers 61 to 21. The Hang Seng TECH Index gained 0.7% on the day, while the Mainland Properties Index rose 0.2%.

Leading the upside was BYD Electronics International, gaining 7.7%, while automaker BYD declined 2.1%.

On the mainland, the Shanghai Composite rose 1% to 3,617.60.

In economic news, the China service-sector PMI rose to 52.6 in July, up from 50.6 in June, reported S&P Global.

On the other regional exchanges, the S. Korean KOSPI rose 1.6%; the Taiwan TWSE inclined 1.2%; the Australian ASX 200 added 1.2%; the Singapore Straits Times Index rose 0.3%, and the Thai Set inclined 1.4%. In late trading in Mumbai, the Sensex was down 0.3%.