Asian shares climbed Tuesday in the wake of tech-stock fueled gains on Wall Street and bets for less-aggressive interest rate hikes from the Federal Reserve. Picture: BLOOMBERG
Australian stocks advanced about 0.4% and Japan’s Topix index rallied as much as 1.4%, while many other markets in the region remained closed for lunar new year celebrations. New Zealand equities rose slightly as investors continued to look positively at the country’s incoming prime minister Chris Hipkins, who has pledged to prioritise the economy.
With centres including Hong Kong, Shanghai, Singapore and Seoul closed, much of the focus among global investors on Tuesday is on central banks and US corporate earnings. Marquee names like Microsoft and Intel report results this week that will help shape the outlook for the technology sector.
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