Asia-Pacific markets rose on Tuesday after Wall Street staged a relief rally overnight on hopes the banking crisis may be easing, following the $3.2-billion takeover of Swiss bank Credit Suisse by rival UBS.
Markets in Japan were shuttered for holiday.
Japan’s foreign ministry confirmed that Prime Minister Fumio Kishida is visiting Ukraine.
Kishida will visit Poland on Wednesday after his trip and return to Japan on Thursday, the ministry said.
In Hong Kong, the Hang Seng Index recovered 258.05 points, or 1.4%, to 19,258.76.
U.S. Federal Reserve’s Federal Open Market Committee meeting kicks off later today stateside, with the central bank expected to approve a quarter-percentage-point interest rate increase, according to market pricing and many Wall Street experts.
In other markets
In China, the CSI 300 regained 43.3 points, or 1.1%, to 3,982.38.
In Singapore, the Straits Times restocked 34.17 points, or 1.1%, to 3,173.93.
In Taiwan, the Taiex gained 93.48 points, or 0.6%, to 15,513.45.
In Korea, the Kospi picked 9.15 points, or 0.4%, to 2,388.35.
In New Zealand, the NZX 50 lost another 33.46 points, or 0.3%, to 11,531.30.
In Australia, the ASX 200 recaptured 56.88 points, or 0.8%, to 6,955.39.
