Asia-Pacific Markets Rise as Wall Street Bounces on Retail Sales Data
Asia-Pacific markets rose on Tuesday, tracking gains on Wall Street, which ticked up after U.S. retail sales data appeared to ease recession concerns.
Investors will be keeping a close watch on Japanese markets, as the Bank of Japan kicks off its two-day monetary policy meeting on Tuesday. The central bank is widely expected to hold interest rates steady at 0.5% when the meeting concludes on Wednesday.
The BOJ’s two-day meeting coincides with the U.S. Federal Reserve, with the latter also expected to keep interest rates unchanged.
Japan’s benchmark Nikkei 225 rallied 1.58% while the broader Topix index rose 1.59%.
Over in South Korea, the Kospi index advanced 0.57% while the small-cap Kosdaq was flat.
Mainland China’s CSI 300 reversed course from losses in its previous session to open 0.25% higher while Hong Kong’s Hang Seng Index rose 1.88%.
Australia’s S&P/ASX 200 was trading 0.29% higher.
Source : CNBC
