Asian markets experienced gains on Tuesday, influenced by positive U.S. economic data that alleviated fears of a potential recession. Japan’s Nikkei 225 index increased by 1.2%, closing at 37,845.42, with significant contributions from major trading companies.
Hong Kong’s Hang Seng Index reached a three-year high, rising 2%, driven by investor optimism regarding China’s economic prospects. The Shanghai Composite Index also saw gains, reflecting a broader positive sentiment in the region.
These developments were bolstered by a rally on Wall Street, where strong performances from companies like Intel and PepsiCo contributed to market optimism. However, concerns persist due to ongoing U.S. tariff policies and their potential impact on global economic confidence.
Investors are closely monitoring upcoming policy decisions from the Federal Reserve and the Bank of Japan, both expected to maintain current interest rates. Additionally, fluctuations in crude oil prices and currency exchange rates continue to influence market dynamics.
