Home Markets Asia-Pacific markets edge higher; RBA rate decision ahead

Asia-Pacific markets edge higher; RBA rate decision ahead

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SINGAPORE — Stocks in Asia-Pacific rose in Tuesday morning trade with major markets in Japan and China still closed for holidays.

South Korea’s Kospi gained 0.14% in early trade. In Australia, the S&P/ASX 200 edged 0.18% higher.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.12% higher.

Looking ahead, the Reserve Bank of Australia is set to announce its interest rate decision at 12:30 p.m. HK/SIN. Australia’s trade data for March is slated to be released at 9:30 a.m. HK/SIN.

Investors will continue to monitor the Covid-19 situation in India as it shows little signs of slowing down. The World Health Organization said last week that one in every three new coronavirus cases globally is being reported in India.

Markets in China, Japan and Thailand are closed on Tuesday for holidays.

Overnight stateside, the Dow Jones Industrial Average surged 238.38 points to close at 34,113.23 while the S&P 500 gained 0.27% to finish its trading day at…

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