Industries

HONG KONG (MarketWatch) -- Mainland Chinese and Hong Kong shares posted modest early gains Tuesday on bargain buying after a string of recent losses, with beaten-down resource, financial and property shares aiding the rebound amid caution ahead of a slew of economic data later in the week. The Shanghai Composite Index rose 0.4% to 1,984.49 after a four-day losing streak that pulled the benchmark under the 2,000-point level in Monday's trading session. In Hong Kong, the Hang Seng China Enterprises Index rose 0.6%, while the benchmark Hang Seng Index added 0.2%. Shares of Jiangxi Copper Co. added 1.5% and Gemdale Corp. rose 1.4% in Shanghai. In Hong Kong, Kunlun Energy Co. rose 2.2% and PetroChina Co. added 0.9%, while AIA Group Ltd. advanced 1.3%.

Troubles related to trust products and the property market will be worth enduring if major economic gains can be made, Andy Xie writes in a column for Caixin Online.

Japanese shares rebound from a string of losses, aided by a weakened yen, even as most other Asia markets waver on caution ahead of the Federal Reserve’s policy decision later this week.

　米メディア大手CBSのムーンベスCEOは、黙示録的な夏の話題作「アンダー・ザ・ドーム」やスリラー・ドラマ「ホステージズ」など連続ドラマに新しいビジネスモデルを試していると述べた。

　フィンランドのノキアのジョー・ハーロウ上級副社長は、ノキアと米マイクロソフトがウィンドウズ端末事業を成功させるには「どちらも成長する必要がある」との見方を明らかにした。

HONG KONG (MarketWatch) -- Japanese stocks rose in choppy trading early Tuesday after four straight days of losses, with a weakened yen aiding exporters, and financial shares climbing after Sumitomo Mitsui Financial Group Inc. reported strong earnings. The Nikkei Stock Average climbed 0.2% to 13,690.08 after ending Monday's session at its lowest level in more than a month, while the broader Topix added 0.3% to 1,132.07. Both benchmarks recovered after opening lower. Among the key gainers, shares of Isuzu Motors Ltd. added 3.1%, Kobe Steel Ltd. jumped 6.3% and Sony Corp. climbed 1.9%. Sumitomo Mitsui shares gained 2% after its quarterly profits more than doubled, also aiding other financials.

LOS ANGELES (MarketWatch) -- Japan's industrial production took an unexpectedly sharp drop in June, falling a seasonally adjusted 3.3% from May, though manufacturers offered an upbeat outlook for the current month, the Ministry of Economy, Trade and Industry reported Tuesday. The decrease in output, swinging from a revised 1.9% gain in May, trailed expectations for a 1.7% drop, according to a Dow Jones Newswires survey. A fall in production of transport equipment, including autos, led the decline, followed by eletronics and machinery, the ministry said. However, a survey of manufacturers raised their forecast for July's industrial production to a rapid gain of 6.5%, up from 3.3% projected in last month's survey. In May, the survey -- produced by the ministry -- had tipped output to fall 2.4% in June. The Japanese yen eased slightly after the data, with the dollar rising to ¥98.03 from ¥97.93 before the release, while Nikkei Stock Average futures coming off a 0.2% loss to trade flat just minutes ahead of the market open.

LOS ANGELES (MarketWatch) -- At least 10 people were missing after a several large explosions at a propane plant in central Florida late Monday night, reports said. An unknown number of people were injured from the blasts, which began at about 11 p.m. local time and continued for about an hour at the Blue Rhino propane-tank facility, the Associated Press said. At the time of the incident, 24 people were working at the plant, several reports said.

LOS ANGELES (MarketWatch) -- Stocks in Australia slipped in early trade Tuesday, a cautious start as investors awaited any interest rate-related comments from the head of the Reserve Bank of Australia. The S&P;/ASX 200 was down 0.2% to 5,038, before a speech by RBA Gov. Glenn Stevens ahead of next week's interest-rate decision by the central bank. Most banking shares declined, with National Australia Bank Ltd. and Australia & New Zealand Banking Group down by 0.3% each. Retailers fell, led by a 3% drop in Woolworths Ltd. . The company said fiscal year group sales rose 4.3% to 59.16 billion Australian dollars ($54.43 billion). Total group sales for the fourth quarter rose 8.9% to A$14.06 billion.