Asia-Pacific markets advanced on Tuesday, following an overnight rebound on Wall Street as improved risk sentiment lifted equities.
By 11:45 am AEDT (12:45 am GMT), Australia’s S&P/ASX 200 was up 0.5%, Japan’s Nikkei 225 gained 1.4%, and South Korea’s Kospi 200 climbed 0.9%.
Investors turned their focus toward Japan, where the Bank of Japan commenced its two-day monetary policy meeting. The central bank is widely expected to maintain interest rates at 0.5% when the meeting concludes on Wednesday.
The BoJ’s decision will coincide with the U.S. Federal Reserve’s policy announcement, with the Fed also expected to leave rates unchanged.
In the U.S., stocks continued their bounce back from a four-week decline driven by uncertainty surrounding President Donald Trump’s tariff policies and weakening consumer confidence.
The Dow Jones Industrial Average rose 353.4 points, or 0.9%, to 41,841.6, the S&P 500 added 0.6% to close at 5,675.1, while the Nasdaq Composite edged 0.3% higher to 17,808.7.
Commodities saw gains, with Brent crude rising 0.7% to US$71.07 per barrel, while spot gold prices climbed 0.5% to a fresh all-time high of US$3,001.13 per ounce.
Chinese equities delivered mixed results, with the Shanghai Composite inching up 0.2% to 3,426.1, while the CSI 300 slipped 0.2% to 3,996.8.
Hong Kong’s Hang Seng Index rose 0.8% to 24,145.6, and India’s BSE Sensex advanced 0.5% to 74,170.
European markets also posted gains, with the FTSE 100 rising 0.6% to 8,680.3, Germany’s DAX climbing 0.7% to 23,154.6, and France’s CAC 40 gaining 0.6% to 8,074.
