HONG KONG (AP) — Asian shares have tracked Wall Street’s rally, led by a 2.4% advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for semiconductor makers.
U.S. futures rose while oil prices edged higher.
Japan’s benchmark Nikkei 225 gained more than 900 points to close at 38,460.08, its highest level in a month.
Shares in computer chip company Renesas Electronics Corp. jumped 10.5%, while rival Tokyo Electronic surged 7.1%.
Investors are watching to see how Japan’s central bank and its Finance Ministry react to prolonged weakness in the yen, which has been trading at its lowest level in 34 years, at a policy meeting that begins Thursday.
“Market participants will be closely monitoring updates for any indications of how the Bank of Japan might address foreign exchange pressures during this week’s policy meeting,” Anderson Alves of ActivTrades said in a commentary.
Cyberattacks are on the rise, and that includes small businesses. Here's what to know
China's courier industry: Record
Family members of mainland fishermen to go to Kinmen after fatal expulsion incident
China renews highest alert for cold wave
Vincent Trocheck and Mika Zibanejad lead Rangers to 4
Mallorca probing another racial
WEF chair expresses confidence in Chinese economy
China's Hong Kong signs tax pact with Croatia
Columbia switches to hybrid learning amid protests over Israel's war in Gaza
WEF chair expresses confidence in Chinese economy