DHAKA: Asian markets traded higher in Tuesday's session, following overnight gains in the US markets.

Japan’s Nikkei 225 index surged 3.7% to 16,869.29 while over in South Korea the benchmark Kospi index edged up 0.1% to 2,011.44, reports the BBC.

In Australia the commodities-heavy benchmark S&P ASX 200 jumped 1% to 5,190.80 and Hong Kong’s Hang Seng index tacked on 0.6% to 21,286.48.

China’s benchmark Shanghai composite index edged up 0.1% to 3,035.09.

Oil prices also recovered overnight.

The international oil benchmark Brent crude futures were at $43.04 a barrel in early Asia hours, 13 cents above the previous close.

As for stocks on the move, shares of commodity-related firms have recovered from Monday's losses. BHP Billiton shares traded 4.39%, after a 3% loss on Monday.

Meanwhile, a quarterly update from the mining company Rio Tinto showed an 11% rise in iron ore shipments for the three months to March. And the company has cut its production guidance for next year, from its iron ore mines in Australia. That is due to a delay in the rollout of new transport technology for its operations at the Pilbara mines. Rio Tinto shares surged 3.27% in Tuesday’s session.

BDST: 1247 HRS, APR 19, 2016
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