Shares in Asia mostly advanced on Tuesday following a gain in Wall Street overnight as markets look ahead to the U.S. midterm elections.
As of 9.25 A.M. (Thai time), the Nikkei 225 in Japan rose 1.24%. The S&P/ASX 200 rose 0.29% in Australia. In South Korea, the Kospi gained 0.84%.
The Hang Seng index in Hong Kong was 0.92%, while mainland China’s Shanghai Composite fell 0.71%.
Overnight in the U. S., stocks traded higher as investors looked ahead to a busy week that included midterm elections and key inflation data, and shrugged off Apple’s supply warning.
The Dow Jones Industrial Average climbed by 423.78 points, or 1.31%, to 32,827.00. The S&P 500 gained 0.96% to 3,806.80. The Nasdaq Composite rose 0.85% to 10,564.52, after trading between gains and losses earlier in the session.
The Bank of Japan’s board members see “no need to immediately change monetary policy,” according to the summary opinions from October’s meeting.
“Continued monetary easing is necessary in order to raise productivity and wage levels through supply-side reforms,” the report said.
The central bank also hinted at possible changes to its existing monetary policy.