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.
Cruise worker 'murders newborn son on board ship': Shocked co
Edward Olivares' grand slam and Mitch Keller's complete game lead Pirates over Angels 4
Boeing calls off Starliner launch due to rocket issue
California reports the first increase in groundwater supplies in 4 years
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
Overseas businessmen show confidence in Hong Kong's business environment
Justin Steele returns from hamstring injury as Cubs take on Padres
China extends more inclusive loans to small businesses
Nadal returns to Roland Garros to practice amid doubts over fitness and form
Putin is starting his 5th term as president, more in control of Russia than ever