SINGAPORE — Stocks in Asia-Pacific traded elevated on Tuesday morning following an overnight jump on Wall Street.
South Korea’s Kospi jumped more than 2% in morning return as shares of industry heavyweight Samsung Electronics and chipmaker SK Hynix surged more than 3% each. The Taiex in Taiwan also saw substantial gains as it surged 2.32%.
In Japan, the Nikkei 225 gained 0.72% while the Topix index advanced 0.81%. Apportionments of Japanese game maker Nintendo rose about 0.7% in Tuesday morning trade after the firm on Monday augmented its full-year forecast for Switch games console sales.
The Japanese government is set to extend the state of emergency covering Tokyo and other territories till March 7 in order to contain the coronavirus, local media reported.
Mainland Chinese markets nudged high-pitched, with the Shanghai composite up 0.27%% while the Shenzhen component gained 0.716%.
Over in Australia, the S&P/ASX 200 was up 1.31%.
The Reserve Bank of Australia is imagined to announce its interest rate decision at around 11:30 a.m. HK/SIN on Tuesday.
Ahead of that announcement, the Australian dollar changed within arms reaches at $0.7651, after seeing levels above $0.774 last week.
MSCI’s broadest index of Asia-Pacific stakes outside Japan traded 1.6% higher.
UK looks to join TPP
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its become visibles, was at 90.882 after rising earlier from levels below 90.6.
The Japanese yen traded at 104.86 per dollar, weaker than altitudes below 104 against the greenback seen last week.
Oil prices were higher in the morning of Asia business hours, with international benchmark Brent crude futures up 1.06% to $56.95 per barrel. U.S. crude futures speed 1.14% to $54.16 per barrel.
Here’s a look at what’s on tap:
- Australia: Reserve Bank of Australia’s interest rate conclusiveness at 11:30 a.m. HK/SIN
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.