Most Asian stocks rose after U.S. equity gauges climbed to fresh records and the yen weakened, boosting Japanese shares.
About three stocks rose for every two that fell on the MSCI Asia Pacific Index, which traded little changed at 153.39 as of 9:03 a.m. in Tokyo. Japan’s Topix index added 0.2 percent after the yen fell 0.6 percent against the dollar on Monday. The Standard & Poor’s 500 Index rose 0.3 percent and the Dow Jones Industrial Average climbed 0.1 percent, both closing at all-time highs. Investors are awaiting this week’s U.S. housing data for clues as to whether the recovery in the world’s largest economy can withstand higher interest rates.
Australia’s S&P/ASX 200 Index rose 0.1 percent and South Korea’s Kospi index was little changed. New Zealand’s NZX 50 Index slipped less than 0.1 percent.
E-mini futures on the S&P 500 were little changed today.