Updated on
Summary
Markets extended their gains in Asia on Tuesday as investor confidence was boosted by data from the US suggesting the world's biggest economy is heading out of recession. Hong Kong added 1.84 percent, Sydney rose 0.72 percent and Singapore 1.84 percent as regional stocks kept up a rally that began at the start of the month on the back of hopes for better corporate results. But Tokyo took a breather, ending flat on profit-taking after a nine-day winning streak. Dealers were also given hope that the end of recession is in sight when new US homes sales showed an 11 percent leap in June. However eyes were on a consumer confidence survey in the US later Tuesday, while the Federal Reserve's Beige Book of economic conditions is to be released later in the week.
