Asian shares are at one-week peaks on US cues
On Tuesday, Asian stocks ascended to one-week peaks, helped by solid overnight revenues on Wall Street, although traders were wary of chasing prices higher until newly-elected Donald Trump picks his economic team. Meanwhile, crude oil extended revenues.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks was up 1.3%, spurred by a 1.3% surge in Australian shares. Korean stocks as well as Hong Kong shares ascended 0.9% and 1.3% each.
European stocks were also supposed to start higher with profits seen around 0.5%for major markets.
The benchmark Nikkei average was mostly steady and the Japanese yen ticked up a shade against the greenback, though still close to the five-month minimum reached earlier in the session.
The greenback, which has soared over 5% against a trade-weighted basket of currencies since Trump's win, consolidated its revenues.
On Monday, American stocks closed at a record peak and European markets moved higher.