SINGAPORE — Stocks in Asia-Pacific traded higher on Tuesday morning following an overnight jump on Wall Street.
In Japan, the Nikkei 225 gained 0.2% in early trade while the Topix index advanced 0.43%.
The Japanese government is set to extend the state of emergency covering Tokyo and other regions till March 7 in order to contain the coronavirus, local media reported.
South Korea’s Kospi also rose 0.75%.
Over in Australia, the S&P/ASX 200 up 0.83%.
The Reserve Bank of Australia is expected to announce its interest rate decision at around 11:30 a.m. HK/SIN on Tuesday.
Ahead of that announcement, the Australian dollar changed hands at $0.763, after seeing levels above $0.774 last week.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.14% higher.
In corporate developments, shares of Japanese game maker Nintendo rose more than 2.3% in early trading on Tuesday after the firm on Monday increased its full-year forecast for Switch games console sales.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.98 after rising earlier from levels below 90.6.
The Japanese yen traded at 104.89 per dollar, weaker than levels below 104 against the greenback seen last week.
Here’s a look at what’s on tap:
- Australia: Reserve Bank of Australia’s interest rate decision at 11:30 a.m. HK/SIN
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Source: CNBC