Asia-Pacific markets rise after Wall Street jump; yen near 149-levels

A masked man is seen in front of the Australian Stock Exchange logo on March 13, 2020 in Sydney, Australia.

jenny evans | Getty Images

Stocks in the Asia-Pacific region traded higher on Tuesday after Wall Street rallied overnight.

In Australia, the S&P/ASX 200 gained 1.72% to 6,779.20, driving gains in the wider region. The Reserve Bank of Australia published the minutes of its October meeting. The Nikki 225 was up 1.42% to 27,156.14, while the Topix added 1.16% to 1,901.44. from Japan yen touched 149.08 against the dollar and was last trading near 149.

The Hang Seng Index in Hong Kong rose 1.23% in the last hour of trading as the Hang Seng Tech index rose 3.3%. In mainland China, the Shanghai composite turned negative and closed down 0.13% at 3,080.96 and the Shenzhen component added 0.23% at 11,187.70.

China was due to release gross domestic product data but delayed that and a series of economic releases for the third quarter, according to an updated schedule posted on the National Bureau of Statistics website. The unusual move comes as the Chinese Communist Party holds its 20th National Congress.

South Korea Kospi was up 1.36% to 2,249.95 and the Kosdaq was up 2.21% to 697.09. MSCI’s broadest Asia Pacific ex-Japan equity index gained 1.36%.

Night in the United States, major indexes jumped on better-than-expected earnings reports.

The Dow Jones Industrial Average added 550.99 points, or 1.86%, to close at 30,185.82. The S&P 500 jumped 2.65% to 3,677.95. The tech-heavy Nasdaq Composite jumped 3.43% on its best day since July, ending at 10,675.80.

– CNBC’s Jesse Pound and Yun Li contributed to this report.

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