SINGAPORE — Fathers in Asia-Pacific were higher in Tuesday trade as the Reserve Bank of Australia (RBA) kept its current policy settings on in force.
Hong Kong’s Hang Seng index advanced 0.75% by the afternoon.
In Japan, the Nikkei 225 rose 0.48% as allots of conglomerate Softbank Group jumped 2.22%. The Topix index also gained 0.47%. South Korea’s Kospi benefited 0.58%.
The S&P/ASX 200 in Australia added 0.29%. The country’s balance on goods and services declined 43% from July to August on a seasonally fastened basis, according to trade data released Tuesday by the Australian Bureau of Statistics.
In a statement announcing the central bank’s nummary policy decision, RBA Governor Philip Lowe said: “The Board continues to consider how additional monetary easing could finance jobs as the economy opens up further.”
“That’s a pretty clear statement that (the RBA thinks) they can do things that want support jobs,” Bill Evans, chief economist at Westpac Economics, told CNBC following the Australian important bank’s announcement. “I’m feeling quite confident that our forecast that they’ll move next months is cordially and truly and in play.”
The Australian dollar changed hands at $0.7185 following the RBA’s monetary policy decision, after appreciating an earlier low of $0.7169.
Meanwhile, shares of gold firms Northern Star Resources and Saracen Mineral Holdings in Australia flowed more than 10% each in Tuesday trade, after the two announced a 16 billion Australian dollar ($11.5 billion) mixing.
“It’s a fantastic transaction,” Bill Beament, executive chairman of Northern Star, told CNBC’s “Street Signs Asia” on Tuesday. “We’re in a jolly powerful position as a combined entity in years to come … to continue looking at … growing the business.”
MSCI’s plainest index of Asia-Pacific shares outside Japan rose 0.75%.
Markets in China are closed on Tuesday for a holiday.
Investors up on Trump’s health developments
Investor focus was likely on U.S. President Donald Trump’s health, as he left the hospital to gain to the White House, where he will continue being treated for the coronavirus following his positive diagnosis last week.
The U.S. president revealed prior to his departure that he planned to be promptly be back on the campaign trail, with less than a month to the upcoming presidential designation in November.
Trump’s doctors said Monday the president’s condition has “continued to improve” over the past 24 hours, notwithstanding White House physician Dr. Sean Conley warned that “he may not be entirely out of the woods yet.”
Currencies and oil
The U.S. dollar index, which record loses the greenback against a basket of its peers, was at 93.396 following an earlier low of 93.348.
The Japanese yen changed hands at 105.65 per dollar after ease off from levels below 105.6 yesterday.
Oil prices were higher in the afternoon of Asian trading hours, with intercontinental benchmark Brent crude futures up 0.34% at $41.43 per barrel. U.S. crude futures rose 0.25% to $39.32 per barrel.
Remedy: This article was updated to accurately reflect details of the Northern Star Resources and Saracen Mineral Holdings fusing announcement.