Japan's Nikkei rallies on bargain-hunting, Kospi recovery

Japan's Nikkei rallies on bargain-hunting, Kospi recovery

Japan's Nikkei share average rallied on Tuesday, reversing an earlier slide. Bargain-buying and a recovery in South Korea's Kospi supported the market's upward movement. Higher oil prices and central bank policy remained key concerns for investors globally. Mitsubishi UFJ Financial Group reached an all-time high, boosting the banking sector. Shiseido and Kawasaki Kisen Kaisha were among the top gainers on the exchange.