Asian markets trade higher ahead of Reserve Bank of Australia rate decision

Hong Kong’s Hang Seng index advanced 0.88%, the Nikkei 225 rose 0.43%, the Topix index also gained 0.29%

Oct 06, 2020 08:10 IST India Infoline News Service

Nikkei
Asian stock markets opened in the green but tempered the up move as most of the rally for US stocks was captured in yesterday's smart move in Asian equities. The Reserve Bank of Australia is also expected to announce its interest rate decision today.

China stock markets are closed on Tuesday for a holiday.

Hong Kong’s Hang Seng index advanced 0.88%, the Nikkei 225 rose 0.43%, the Topix index also gained 0.29%, South Korea’s Kospi advanced 0.62% and the S&P/ASX 200 in Australia nudged fractionally higher.

As per media reports, investor focus was likely on US President Donald Trump’s health, as he left the hospital to return to the White House, where he will continue being treated for the coronavirus following his positive diagnosis last week.

Overnight stateside, the Dow Jones Industrial Average jumped 465.83 points, or 1.7%, to close at 28,148.64. The S&P 500 rose 1.8% to end its trading day at 3,408.62, while the Nasdaq Composite gained 2.3% to close at 11,332.49.

Meanwhile, oil prices were little changed, with international benchmark Brent crude futures above the flatline and US crude futures dipped fractionally.

Related Story