SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade following overnight gains on Wall Street that took the major indexes to record closing highs.
Japan's Nikkei 225 gained 0.64% while the Topix index advanced 0.54%. Shares of conglomerate Softbank Group were untraded Tuesday morning due to a glut of buy orders, according to Reuters.
Softbank Group announced Monday a plan to buy back up to one trillion yen ($8.83 billion) of its own shares. Softbank on Monday reported a 398 billion yen ($3.5 billion) net loss in the three-month period ended Sept. 30.
South Korea's Kospi gained 0.82%. In Australia, the S&P/ASX 200 climbed 0.19%.
MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.15% higher.
All three major indexes on Wall Street advanced to record closing highs following the approval of an infrastructure spending package.
The Dow Jones Industrial Average climbed 104.27 points to 36,432.22 while the S&P 500 gained nearly 0.1% to 4,701.70. The Nasdaq Composite advanced fractionally to 15,982.36. Monday's gains left all three major indexes closing at record highs.
The U.S. House of Representatives late Friday passed a more than $1 trillion infrastructure bill. First passed by the Senate in August, the package would provide new funding for transportation, utilities and broadband, among other infrastructure projects.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.049 after a recent decline from above 94.2.
The Japanese yen traded at 113.23 per dollar, stronger than levels above 113.5 seen against the greenback yesterday. The Australian dollar was at $0.7415, still off levels above $0.75 seen last week.
