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| Version 1 | Version 2 |
|---|---|
| Markets largely positive in Asia | Markets largely positive in Asia |
| (about 1 hour 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. | 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. | 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. | 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. | 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. | 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. |
| Australia stands pat | |
| 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. | 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, 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 [as a] Christmas bonus on 1 December." | |
| In Hong Kong, the benchmark Hang Seng index closed down 0.1% to 21,831.62 after being up more than 1% in early trade. | |
| The index was dragged down by shares of China Resources Enterprise, which fell 3.1%. | |
| Stock markets in mainland China remain closed for the Golden Week holiday. | |
| In South Korea, the Kospi index closed up 0.63% at 1,990.65. |