This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-34451101
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Markets largely positive in Asia | |
(about 7 hours later) | |
Markets in Asia were largely in positive territory on Tuesday following a strong finish on Wall Street. | Markets in Asia were largely in positive territory on Tuesday following a strong finish on Wall Street. |
Investors continue to see last week's US jobs figures as a sign the US Federal Reserve will not raise its rates until December at the earliest. | Investors continue to see last week's US jobs figures as a sign the US Federal Reserve will not raise its rates until December at the earliest. |
In Japan, the benchmark Nikkei 225 index closed up 1% to 18,186.10. | |
Investor sentiment was also buoyed in the region after a free trade deal was stuck between 12 Pacific Rim countries, the biggest in decades. | |
The US-led Trans-Pacific Partnership (TPP) cuts trade tariffs and sets common standards in member countries including Japan and the US. | |
Australia's S&P/ASX 200 benchmark closed 0.33% higher at 5,167.4. | |
Investors mostly shrugged off news that Australia's trade deficit rose unexpectedly in August to 3.09bn Australian dollars ($2.18bn; £1.44bn) against forecasts for a deficit of A$2.55bn. | |
The Reserve Bank of Australia (RBA) decided to keep its benchmark lending rate at an all-time low of 2% on Tuesday, but analysts said they would be looking for any hints of a December move when the minutes of the bank's meeting are released later this week. | |
However, market analyst Evan Lucas said: "We think the [bank's] statement will be even duller than the rates release [today] as the RBA will not want to give anything away. | |
"However, there is no escaping the fact that the market is building a case for a December cut, with the interbank market now pricing in a 60% chance that Australia will get a 25 basis point cut Christmas bonus on 1 December." | "However, there is no escaping the fact that the market is building a case for a December cut, with the interbank market now pricing in a 60% chance that Australia will get a 25 basis point cut Christmas bonus on 1 December." |
In Hong Kong, the benchmark Hang Seng index opened in positive territory, up more than 1% in early trade, but lost gains through the day. | |
The index was down 0.46% at 21,757.35 in afternoon trade, dragged down by China Resources Land shares, which fell 2.5%, and Hang Lung Properties shares, down more than 3%. | |
Stock markets on China's mainland remain closed for the Golden Week holiday. | Stock markets on China's mainland remain closed for the Golden Week holiday. |
In South Korea the Kopsi index closed up 0.63% at 1,990.65. |