06:36 AM EDT, 04/08/2025 (MT Newswires) -- Asian stock markets staged an uneven rebound from Monday's selloff as traders weighed values, government support for equities, and possibly better tariff outcomes in the future.

Tokyo, Hong Kong, and Shanghai finished in the green, while other regional exchanges were mixed.

In Japan, the Nikkei 225 opened sharply higher and held ground, ending up 6% as traders entertained hopes that Trump Administration import levies would be tempered after Japanese Prime Minister Shigeru Ishiba spoke with US President Donald Trump by telephone.

A softer yen assisted export issues.

The benchmark Nikkei 225 rose 1,876.00 to 33,012.58, as gaining issues outnumbered losers 221 to three.

Electric equipment maker Fujikura led the upside, up 19.5%, while drugmaker Daiichi Sankyo declined 0.6%.

In economic news, in the year ended March 31, the number of corporate bankruptcies in Japan topped 10,000 for the first time in 11 years, as smaller firms struggled with labor shortages and higher prices, according to Tokyo Shoko Research, reported The Mainichi.

In Hong Kong, the Hang Seng Index closed up 1.5% after several Chinese state investment funds entered the market to stabilize values, reported the South China Morning Post.

The broad gauge Hang Seng rose 299.38 to 20,127.68, as gaining issues outnumbered losers 54 to 28. The Hang Seng TECH Index gained 3.8% on the day, while the Mainland Properties Index rose 2.3%.

Leading the upside was Chow Tai Fook Jewelry, gaining 9.1%, while Xinyi Glass declined 4.4%.

On the mainland, the Shanghai Composite rose 1.6% to 3,145.55.

On the other regional exchanges, the S. Korean KOSPI rose 0.3%; the Taiwan TWSE declined 4%; the Australian ASX 200 inclined 2.3%; the Singapore Straits Times Index fell 2%, and the Thai Set declined 4.5%. In late trading in Mumbai, the Sensex was up 1.6%.