Asia-Pacific markets rise after Wall Street bounce; yen near 149 levels
A man in a mask is seen in front of The Australian Stock Exchange logo on March 13, 2020 in Sydney, Australia.
Jenny Evans | Getty Images
Asia-Pacific shares traded higher on Tuesday after Wall Street’s overnight rally.
In Australia is S&P/ASX 200 rose 1.72% to 6,779.20, leading gains in the broader region. The Reserve Bank of Australia released the minutes of its October meeting. The Nikkei 225 was 1.42% up to 27,156.14, while the Topix added 1.16% to 1,901.44. Japanese Yen touched 149.08 against the dollar and was last traded near 149.
The The Hang Seng Index in Hong Kong was 1.23% higher in the final hour of trade, with the Hang Seng Tech index up 3.3%. In mainland China is Shanghai Composite turned negative to close 0.13% lower at 3,080.96 and the Shenzhen component gained 0.23% to 11,187.70.
China was due to report gross domestic product data but has delayed that and a number of economic releases for the third quarter, according to an updated calendar posted on the National Bureau of Statistics’ website. The unusual move comes as China’s Communist Party holds its 20th National Congress.
South Korea’s Kospi was 1.36% higher at 2,249.95 and Kosdaq was 2.21% up at 697.09. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.36%.
Overnight in the US, major indexes rose after some better-than-expected earnings reports.
The Dow Jones Industrial Average added 550.99 points, or 1.86%, to close at 30,185.82. The S&P 500 fell 2.65% to 3,677.95. The tech-heavy Nasdaq Composite jumped 3.43% for its best day since July, ending at 10,675.80.
— CNBC’s Jesse Pound and Yun Li contributed to this report.
