Shares in the Asia-Pacific traded higher on Tuesday after Wall Street’s rally overnight.
In Australia, the S&P/ASX 200 gained 1.37%, leading gains in the wider region. The Reserve Bank of Australia released its meeting minutes for its October meeting.
The Hang Seng index in Hong Kong rose 0.8% in early trade, with the Hang Seng Tech index up 1.67%. In mainland China, the Shanghai Composite ticked 0.13% higher and the Shenzhen Component added 0.22%.
China was due to report gross domestic product data, but has delayed that and a slew 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 the Communist Party of China holds its 20th National Congress.
The Nikkei 225 was 0.67% up, while the Topix added 0.59%. Japan’s yen touched 149.08 against the dollar and was last trading near 148.80. South Korea’s Kospi was 0.45% higher and the Kosdaq was 1.25% up. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.72%.
Overnight in the U.S., major indexes jumped following 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 popped 2.65% to 3,677.95. The tech heavy Nasdaq Composite jumped 3.43% for its best day since July, finishing at 10,675.80.
