Asian markets continued to rally on Tuesday, marking the third day of the rally. Industrial stocks and those linked to consumption are doing well in particular. Japanese stocks rallied as jobs resumed after yesterday's holiday shutdown.
The MSCI Asia Pacific Index was up 0,1% to trade at 140.62 as of 9:03am in Tokyo. Japan's Topix was up 0,7% after the yen fell 0,4% against the US dollar yesterday.
"European and Chinese central bank policies are helping the market," said Stephen Halmarick, head of investment markets research at Colonial First State Global Asset Management in Sydney. "Government policies are supporting risk assets like equities."
South Korea's Kospi was marginally varied to open, while Australia's S&P/ASX 200 fell 0,8 percent. The New Zealand NZX 50 also performed poorly, down 0,6 per cent.
European Central Bank President Mario Draghi pledged to lift eurozone inflation as China unexpectedly cut interest rates last week. Today's data may show that the US economy grew at a slower pace in the third quarter, while consumer confidence is expected to be on the rise in November.
