Buildings in the Lujiazui financial district in Pudong, Shanghai, China, Monday, January 29, 2024.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific shares climbed on Tuesday, tracking gains on Wall Street S&P 500 Index The Dow Jones Industrial Average hit a new closing high during Monday's trading session.
The broader market index rose 0.28% to close at 5,718.57 points; the Dow Jones Industrial Average rose 61.29 points, or 0.15%, to close at 42,124.65 points.
Traders in Asia will be watching a rare briefing from the People's Bank of China after authorities announced that Governor Pan Gongsheng would convene a meeting. A press conference will be held at 9 a.m. About “Financial Support for High-Quality Economic Development”
The press conference will begin at 9:30 am before the Chinese stock market opens.
The Reserve Bank of Australia will also announce an interest rate decision on Tuesday. Economists polled by Reuters expect the Reserve Bank of Australia to maintain interest rates at 4.35%.
The Commonwealth Bank of Australia said in a note last week that economic data since the last meeting had “either been weaker or in line with the RBA's expectations”. As a result, CBA expects the statement to be slightly less hawkish, but without a significant change in language or tone.
Australia's S&P/ASX 200 index rose slightly ahead of the RBA's decision.
Japanese Nikkei 225 Index rose 1.47%, while the Topix gained 1% as Japan's market holiday ended. This marks the first time since September 3 that the Nikkei has exceeded the 38,000-point mark.
Korean Cospi The Kosdaq index rose 0.68%, with the small-cap Kosdaq index rising 0.68%.
Hongkong Hang Seng Index Index futures were at 18,462 points, higher than the Hang Seng Index's last closing point of 18,247.11 points.
The U.S. Nasdaq rose 0.14% overnight, mirroring gains in the other two major U.S. stock indexes.
—CNBC’s Brian Evans and Alex Harring contributed to this report.