Editorial montage of Japan flag and Japanese Yen cash banknotes.
Javier Guerci | Moments | Getty Images
Asia-Pacific markets were mostly higher on Tuesday, tracking Wall Street as investors awaited April’s China Manufacturing Purchasing Managers’ Business Index.
Japan’s top currency diplomat, Masato Kanda, reportedly declined to comment on whether the Ministry of Finance had intervened to support the yen after it fell to an all-time low on Monday.
Yesterday, the currency fell to its lowest level against the US dollar at 160.03, but has since risen sharply to trade around $155.
Meanwhile, the Wall Street Journal reported that Japan intervened to support the yen by selling dollars and buying yen.
Japanese Nikkei Stock Average Stocks rose 1.4% as traders returned from the holidays, while the broader TOPIX rose nearly 2%.
Japan’s retail sales rose at a slower-than-expected pace in March, but the unemployment rate was slightly higher than expected.
Chinese data showed the pace of manufacturing expansion slowed in April. The Official Purchasing Managers Index gave him a score of 50.4, and in March he got a score of 50.8. However, it exceeded Reuters’ forecast of 50.3.
Hong Kong’s Hang Seng index rose 0.2%, while China’s CSI300 index fell 0.12%.
Korean Kospi rose 0.59%, while the small-cap Kosdaq rose 0.17%. The country’s factory output fell 3.2% in March, the biggest decline in 15 months, compared to a Reuters poll of economists that had predicted a 0.6% rise.
Australian person S&P/ASX 200 It rose by 0.27%.
In US markets overnight, all three major indexes closed higher on Monday on Tesla’s rise as traders geared up for a week dominated by corporate earnings and a Federal Reserve meeting. .
Tesla surged more than 15% after clearing a key hurdle for fully self-driving technology in China, providing upward momentum to the market.
of S&P500 Although it increased by 0.32%, Nasdaq Composite Added 0.35%.of Dow Jones Industrial Average Added 0.38%.
—CNBC’s Brian Evans contributed to this report.
