06:45 AM EDT, 08/06/2024 (MT Newswires) -- Bargain-hunting and a sudden risk-on mood sharply lifted shares in Tokyo on Tuesday following steep losses Monday, while other Asian exchanges also largely finished in the green. Tech-heavy markets in Seoul and Taiwan also rose.

In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 10.2% after posting a 12.4% loss on Monday on concerns that global economic growth was fading. The yen declined modestly against the US dollar, aiding export issues.

The benchmark Nikkei 225 rose 3,217.04 to 34,675.46, the largest single-day point jump in history, as gaining issues outnumbered losers 214 to 11.

Leading the upside was Japan Steel Works, up 23.2%, while food conglomerate Ajinomoto lost 7.6%, both moves after quarterly company earnings were disclosed.

In economic news, real wages in Japan in June rose 1.1% from a year earlier, reported the Ministry of Health, Labor and Welfare. The wage boost marked the first inflation-adjusted gain in national average wages in 27 months.

In Hong Kong, the Hang Seng Index opened higher but wobbled into the red, finishing off 0.3% as traders weighed prospects for the huge mainland China economy and its property sector.

The broad gauge Hang Seng fell 51.02 to 16,647.34, as losing issues outnumbered gainers 43 to 38. The Hang Seng TECH Index gained 0.1% on the day, possibly signaling that the global tech rout is easing. The Mainland Properties Index rose 0.6%.

Leading the upside was Hansoh Pharmaceutical, gaining 9.4%, while China Life lost 4.5%.

On the mainland, the Shanghai Composite rose 0.2% to 2,867.28.

On the other regional exchanges, the S. Korean KOSPI rose 3.3%; the Taiwan TWSE inclined 3.4%; the Australian ASX 200 gained 0.4%; the Singapore Straits Times Index fell 1.4%, and the Thai Set was flat. In late trading in Mumbai, the Sensex was down 0.2%.