SINGAPORE — Shares in Asia-Pacific rose in Tuesday morning trade following overnight gains on Wall Street that saw the S&P 500 notching its fourth day of gains.
Shares in Australia were also higher, with the S&P/ASX 200 up 0.16%. Minutes from the Reserve Bank of Australia’s October monetary policy meeting showed the RBA expecting the Australian economy to “return to growth in the December quarter and to its pre-Delta path in the second half of 2022.”
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.19% higher.
Investors also monitored Apple supplier shares in Asia after the Cupertino-based tech giant announced new products on Monday.
Overnight on Wall Street, the S&P 500 gained 0.34% to 4,486.46 while the Nasdaq Composite jumped 0.84% to 15,021.81. The Dow Jones Industrial Average lagged, dipping 36.15 points to 35,258.61.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.896 against an earlier high of 93.947.