By Laura He, MarketWatch
A previous version of this story published on Monday August, 25, misstated the closing level of the Hang Seng Index. The story has been corrected.
HONG KONG (MarketWatch) — Japan stocks ended higher on Monday, returning to its pattern of steady gains after a mild retreat at the end of last week, as a softer yen aided export-related stocks.
The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +1.44% rebounded 0.5% to 15,613.25, after the index broke a nine-day winning streak with a 0.3% loss on Friday. The broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +1.30% ended up 0.4%.
Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0336% weakened against the dollar to ¥104.039 from ¥103.955 on Friday.
Many tech exporters saw solid gains, with semiconductor firm Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 +0.33% advancing 2.1%, electronics maker Hitachi, Ltd. /zigman2/quotes/203839937/delayed JP:6501 +1.23% adding 1.7%, camera maker Olympus Corp. /zigman2/quotes/200860615/delayed JP:7733 0.00% rising 1.5%, and IT services provider Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 +0.53% up 1.2%.
In Hong Kong, stocks clawed their way back after early losses and ended with modest gains, with the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.05% edging 0.2% higher to 25,166.91.
China Petroleum & Chemical Corp. /zigman2/quotes/202085942/delayed HK:386 -0.89% /zigman2/quotes/202783176/composite SNP +0.57% , or Sinopec, China’s largest oil refiner, rallied 4.3% after its interim earnings climbed 7.5%.
Electric-car and battery maker BYD Co. /zigman2/quotes/206867707/delayed HK:1211 -0.48% /zigman2/quotes/200126312/composite BYDDF -7.73% , in which Warren Buffett’s Berkshire Hathaway holds a stake, shook off morning losses and finished 2.2% higher, shrugging off a more than 15% plunge in its first-half earnings due to lower traditional car sales and solar-operation losses.
Elsewhere, Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.22% slipped 0.2% to 5,634.90, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -1.41% fell 0.5% to 2,229.27, while Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.69% edged up 0.2% to 2,060.89.