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.
Paris main airport unveils new baggage handling system ahead of the 2024 Olympics
Former footballer Joe Thompson, 35, is diagnosed with cancer for the third time
EPHRAIM HARDCASTLE: Could William and Harry be reunited at the Duke of Westminster's wedding?
LIZ JONES: Kate's strength has made me ashamed. And there's one self
Both bodies found five days after kayaks capsized going over a dangerous dam in Indianapolis
Hamas delegation leaves Gaza truce talks in Cairo without deal
Mother, 24, outraged after learning shopping centre bathroom with baby changing facilities has CCTV
Inside Kate Middleton's sweet annual midnight tradition for Prince Louis' birthday
KEIR STARMER: My commitment to the UK's nuclear deterrent is... Unshakeable. Absolute. Total
Brits are told to 'go home' as anti
US, UK intelligence leaders raise fresh alarms about Chinese espionage