Asia-Pacific stocks rise after Wall Street bounces back

3 yıl önce

SINGAPORE â Shares in the Asia-Pacific region traded higher on Wednesday, as Wall Street bounced back after a turbulent week last week. Investors will be looking ahead to the minutes from Bank of Japan's monetary policy meeting.

Japan's Nikkei 225 rose 0.52% in early trade, while the Topix gained 0.6%.

The S&P/ASX 200 in Australia advanced 0.41%.

In South Korea, the Kospi sat just above the flatline, while the Kosdaq was up 0.77%.

Major indexes in the U.S. jumped on Tuesday stateside after weeks of declines. The Dow Jones Industrial Average gained 641.47 points or 2.15% to 30,530.25, while the S&P 500 rose 2.45% to 3,764.79. The tech-focused Nasdaq advanced 2.51% to 11,069.302.

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The Bank of Japan, after maintaining its ultra-low interest rates last week, released the minutes from its April monetary policy meeting on Wednesday morning.

The Japanese yen crossed the 136 level on Tuesday and was last at 136.41 against the greenback. The currency has been weakening as the Bank of Japan's monetary policy diverges from that of the Fed.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, last traded at 104.407.

The Australian dollar was at $0.6956, after falling from levels above $0.702 late last week.

Oil futures fell in Asia trade. International benchmarkÂ Brent crude futuresÂ slipped 0.42% to $114.17 per barrel.Â U.S. crude futuresÂ also dropped by 0.48% to $108.99 per barrel.