ASIA STOCKS rise as Shanghai recovers

Stocks in China rose on Tuesday, as Shanghai came back online after a week-long public holiday.

Asian markets started the day lower, taking their lead from a negative session on Wall Street, where the Dow Jones Industrial Average fell 0.9%, as investors remained fixated on the deadlock in Washington, which has resulted in the first partial shutdown of the U.S. government in 17 years.

Severe smog in Beijing over the weekend raised expectations for government measures to improve pollution, helping stocks in the environmental sector. Xiamen Savings Environmental Co., which makes filtration products, jumped 8.1% and waste-water-treatment firm Sound Environmental Resources Co. added 5.2%.

Hong Kong’s Hang Seng index rose 1%, Indonesia’s JSX added 1.1% and Singapore’s Strait Times index was 0.4% higher.

The Nikkei reversed losses from earlier in the session and was last up 0.1%. Japanese stocks recovered as the dollar edged higher against the yen.

Also in Tokyo, Japan Airlines Co. fell 1.6%, eating into a 3% gain made during the previous session. The stock rose on Monday on expectations that the company would make a landmark deal with Airbus, with the firm announcing after the market closed that it would buy 31 Airbus planes.

Fuji Heavy Industries gained 2.5% after a Nikkei report said that the company will develop a hybrid sport-utility vehicle with Toyota.

Australian stocks fell Tuesday with the S&P/ASX 200 declined 0.7%. 

Mining stocks fell following a mixed overnight session for metal prices. Shares of gold producer Newcrest Mining Ltd. slumped 3.6% and Evolution Mining Ltd. gave up 1.9%, but iron ore and copper miner BHP Billiton Ltd. picked up 0.1%. 

Financial stocks also fell, but Commonwealth Bank of Australia outperformed the sector by rising 0.5% following an upgrade of its shares to neutral at J.P. Morgan.

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