Investors in Asian markets were poised for gains on Wednesday after Wall Street indexes rose on the back of U.S. Treasury Secretary nominee Janet Yellen's push for a sizable fiscal relief package in response to the COVID-19 pandemic.
"We've sort of seen a positivity evident last night in Wall Street already in Asian trade on Tuesday," said Kyle Rodda, a markets analyst at IG Markets, who noted Asian markets are following U.S. stimulus developments more than anything else.Australia's ASX 200 rose more than 0.5per cent in early trade Wednesday.Japan's Nikkei 225 futures added 0.07per cent, but Hong Kong's Hang Seng index futures lost 0.29per cent.
On Wall Street, the Dow Jones Industrial Average rose 0.38per cent, while the S&P 500 gained 0.81per cent. The tech-heavy Nasdaq Composite added 1.53per cent.
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