Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from U.S. tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8%, helped by a 1.1% jump in Taiwanese shares and a 1.8% surge in Hong Kong's Hang Seng index. The Asian index rose 1% the day before on easing fears of a major escalation in the Middle East conflict, recovering some of its 3.7% loss last week.
SYDNEY (Reuters) -Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from U.S. tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8%, helped by a 1.1% jump in Taiwanese shares and a 1.8% surge in Hong Kong's Hang Seng index. The Asian index rose 1% the day before on easing fears of a major escalation in the Middle East conflict, recovering some of its 3.7% loss last week.
The FTSE 100 has closed at a record high after fears about an escalating conflict in the Middle East eased.