TOKYO – Asian markets fared better this morning after stocks took a nosedive Monday.

In mainland China, the Shanghai Composite Index opened lower, but managed to post some gains before the lunch break.

Trading in Shanghai was suspended Monday after the CSI 300 plummeted more than 7 percent. The CSI 300 is a benchmark of the biggest companies listed on either the Shanghai or Shenzhen stock exchanges and is compiled by the China Securities Index Company.

Japan’s benchmark Nikkei also recovered its previous day’s losses when the index shed more than 3 percent. 

But analysts were skeptical about the Nikkei ending higher today, as investors appeared to be in a wait-and-see mood.

“Investors are still quite concerned about the volatility in the Chinese markets,” said the Nihon Keizai Shimbun, quoting Norihiro Fujito, head of the investment information department at Mitsubishi UFJ Morgan Stanley Securities.

In Seoul, the KOSPI also rose in the morning session as investors took some comfort from the gains in Shanghai and Tokyo. 

By Kim Ji-hyun (jemmie@heraldcorp.com)
Korea Herald correspondent