Shares in Asia jumped on Tuesday as investors reacted to recent announcements by central banks.
In Tokyo, the Nikkei 225 regained 1,051.26 points, or 4.9%, to 22,588.21, as shares of robot maker Fanuc skyrocketed 6.7%.
The Japanese yen traded at 107.34 per U.S. dollar after seeing highs around 107.1 yesterday.
Meanwhile, the Bank of Japan on Tuesday stood pat on its main policy tools. In a statement announcing its monetary policy decision, the central bank said “Japan’s economy is likely to remain in a severe situation for the time being due to the impact of COVID-19 at home and abroad, although economic activity is expected to resume gradually.”
The Hang Seng index in Hong Kong muscled up 567.14 points, or 2.4%, to 24,344.09.
The South Korean won weakened against the greenback Tuesday afternoon Singapore time, last trading at 1,214.16 per dollar. The moves came after reports that North Korea blew up an inter-Korean liaison office in a border town.
Investors on Tuesday likely focused on central bank announcements. In the Reserve Bank of Australia’s minutes of its June monetary policy meeting released Tuesday, the central bank’s board "recognized that the substantial, coordinated and unprecedented easing of fiscal and monetary policy in Australia was helping the economy through this difficult period."
The Australian dollar was at $0.6908 after rising from levels below $0.684 yesterday.
In other markets
In Shanghai, the CSI 300 recovered 59.58 points, or 1.5%, to 4,014.57.
In Korea, the Kospi restocked 107.23 points, or 5.3%, to 2,138.05
In Taiwan, the Taiex index flourished 205.38 points, or 1.8%, to 11,511.64
In Singapore, the Straits Times Index gained 52.97 points, or 2%, to 2,666.85.
In New Zealand, the NZX 50 surged 89.74 points, or 0.8%, to 10,953.85
In Australia, the ASX 200 tallied 222.47 points, or 3.9%, to 5,9,42.30.
