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.
California cops, firefighters, and utility workers are earning up to $800k a year in overtime pay
Government delayed vape rules to suit retailers, campaigners say
Monica Garcia's baby daddy revealed to be Braxton Knight, 29
Penny Lancaster, 53, showcases her endless legs in a thigh
NBA says Tyrese Maxey was fouled
US carries out first airdrop of aid into Gaza
The truth about trend of new mothers drinking their OWN breast milk
Paris main airport unveils new baggage handling system ahead of the 2024 Olympics
Alicia Keys rocks a studded denim
Talling in love! Alison Hammond joins cohort of celebs couples with notable height differences
Seafood shocker: Warning shrimp and lobster contain dangerous levels of cancer