SINGAPORE — Shares in Asia-Pacific rose in Tuesday morning trade following overnight gains on Wall Street that saw the S&P 500 notching its fourth day of gains.
The Nikkei 225 in Japan gained 0.46% in early trade while the Topix index advanced 0.36%. South Korea’s Kospi climbed 0.8%.
Shares in Australia were also higher, with the S&P/ASX 200 up 0.31%. The Reserve Bank of Australia is set to release minutes from its October monetary policy meeting minutes on Tuesday morning.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.22% higher.
Investors also monitored Apple supplier shares in Asia after the Cupertino-based tech giant announced new products on Monday.
In Japan, shares of Taiyo Yuden fell 4.09% while Murata Manufacturing slipped 2.1%.
Overnight on Wall Street, the S&P 500 gained 0.34% to 4,486.46 while the Nasdaq Composite jumped 0.84% to 15,021.81. The Dow Jones Industrial Average lagged, dipping 36.15 points to 35,258.61.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.94 after a recent bounce from around 93.9.
The Japanese yen traded at 114.28 per dollar after weakening last week from below 113.4 against the greenback. The Australian dollar changed hands at $0.7417, above levels below $0.74 seen yesterday.
Oil prices were mixed in the morning of Asia trading hours, with international benchmark Brent crude futures fractionally lower at $84.28 per barrel. U.S. crude futures advanced 0.13% to $82.55 per barrel.
