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 0.31%. The Reserve Bank of Australia is set to release minutes from its October monetary policy meeting minutes on Tuesday morning.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.22% 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 93.94 after a recent bounce from around 93.9.
Oil prices were mixed in the morning of Asia trading hours, with international benchmark Brent crude futures fractionally lower at $84.28 per barrel. U.S. crude futures advanced 0.13% to $82.55 per barrel.