Asian equities soar on upbeat regional views

Asian equities soar on upbeat regional views

On Tuesday, Asian equities rallied, with regional markets positive because earnings season gets closer and economic fundamentals are firm leading economies, Japan and China.

Japan's Nikkei 225 edged up 0.16%, the S&P/ASX 200 grew 0.79%.

As the RBA meeting minutes noted, household debt levels are still elevated and require being watched closely. The RBA didn’t change its record low 1.5% rate at the gathering.

The Shanghai Composite rallied 0.06%, the Hang Seng index grew 0.18%.

Overnight, American equities concluded higher because bullish optimism over third quarter profits kept pushing indices to record maximums.

As for the Dow Jones Industrial Average, this benchmark concluded higher at 22,956. Meanwhile, the S&P 500 ended 0.17% higher, the Nasdaq Composite hit 6624, jumping 0.28%.

Stocks of Financials, mostly banks, edged up, reacting to a rally in American treasury yields after Fed Chair Janet Yellen reaffirmed the bank’s commitment to lifting rates.

 

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