Hong Kong jumped more than 1 per cent, with Shanghai, Singapore, Sydney, Seoul, Taipei, Manila and Jakarta also well in positive territory.
Tokyo climbed more than 1 per cent to a new high, following Monday’s 3.4 per cent surge, as Japan was set to get its first woman prime minister after Sanae Takaichi reached a deal to form a new coalition.
The agreement eased worries about political strife in the country after the Komeito party withdrew from its long-standing alliance with Takaichi’s Liberal Democratic Party soon after her election.
Markets have been cheered by the prospect of her premiership as she has in the past backed aggressive monetary easing and expanded government spending, echoing her mentor, former premier Shinzo Abe.
Traders are also keeping tabs on Beijing, where China’s leaders are holding a four-day conclave expected to discuss strategies to address sluggish household spending and persisting woes in the vast property sector.
The gathering comes after data on Monday showed growth in the world’s number two economy came as expected for the third quarter, but was the slowest in a year.
In company news, mineral producers rallied in Sydney following a deal between Trump and Australian Prime Minister Anthony Albanese to ramp up shipments of rare earths to the US.
Hastings Technology Metals jumped almost 4 per cent, Lynas Rare Earths rallied close to 5 per cent and Iluka Resources piled on more than 9 per cent.
Source: CNA
