Asian stock markets opened higher on Tuesday, following a positive lead from Wall Street where major indices closed up. The MSCI Asia Pacific Index rose, with gains seen in Japan, South Korea, and Australia.
The rally in U.S. equities was partly driven by optimism in the technology sector and broader market sentiment. Investors are also monitoring corporate earnings and economic data for direction.
In commodity markets, oil prices edged higher. Brent crude futures traded above $86 a barrel, supported by ongoing geopolitical tensions in the Middle East and concerns over supply disruptions, though there were no specific new developments regarding the Strait of Hormuz reported on this date.
Market participants remain cautious, weighing the outlook for global interest rates against persistent inflationary pressures. The U.S. dollar held steady against a basket of major currencies.
