Asian shares advance despite losses on Wall Street

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets

Shares advanced in Asia on Tuesday after another wobbly day extended a losing streak on Wall Street.

Hong Kong advanced 2.5% and other regional benchmarks were moderately higher. Oil prices slipped.

Signs of progress in China's effort to bring outbreaks of coronavirus under control appeared to be outweighing concern over weaker than expected Chinese economic data for April.

Investors also are watching for comments by Federal Reserve officials that might provide insight into the U.S. economic outlook and future policy moves.