Asian shares rose following a Wall Street rally, with Japanese equities advancing after concerns about the Bank of Japan’s plan to offload its massive exchange-traded fund holdings eased.
MSCI’s regional stock gauge gained 0.2%, with the Nikkei-225 index jumping as much as 1.6%.
The yen weakened against the dollar, which typically benefits exporters. Indian technology firms such as Infosys Ltd. and Tata Consultancy Services Ltd. declined after the sharp increase in H-1B visa application fees.
A gauge of the dollar edged up 0.1%, extending its gains into a fourth day. Treasuries edged lower with the yield on the 10-year rising one basis point to 4.14%.
Oil rose 0.6% after notching a modest drop last week while silver climbed to the highest since 2011.
Futures on the S&P 500 dipped 0.1%, while European stock futures were little changed. Global stocks are trading at record levels, and with earnings season around the corner, improving expectations for corporate America’s profit growth suggest the rally can continue.
Sentiment also improved after US President Donald Trump touted progress on China-related issues and said he would meet Xi Jinping following a call between the two leaders.
