Asia-Pacific stocks higher1 min read
Stocks in Asia-Pacific were higher in Tuesday morning trade as investors look to the interest rate decision set to be announced by the Reserve Bank of Australia.
Hong Kong’s Hang Seng index advanced 0.88% in morning trade.
In Japan, the Nikkei 225 rose 0.43% as shares of conglomerate Softbank Group jumped 2.34%. The Topix index also gained 0.29%. South Korea’s Kospi advanced 0.62%.
Meanwhile, the S&P/ASX 200 in Australia nudged fractionally higher. The country’s balance on goods and services declined 43% from July to August on a seasonally adjusted basis, according to trade data released Tuesday by the Australian Bureau of Statistics.
Shares of gold firms Northern Star Resources and Saracen Mineral Holdings in Australia surged more than 9% each in Tuesday trade, after the two announced a $16 billion merger.