The
sails
of
the
Opera
House
are
illuminated
with
projections
on
the
opening
night
of
Vivid
Sydney
2023
in
Sydney,
Australia,
on
Friday,
May
26,
2023.
Anadolu
Agency
|
Anadolu
Agency
|
Getty
Images
Asia-Pacific
markets
climbed
on
Tuesday,
extending
gains
from
the
previous
session,
as
Wall
Street
rose
overnight
on
expectations
that
the
Federal
Reserve
will
cut
interest
rates.
In
Asia,
investors
await
the
Reserve
Bank
of
Australia
decision
on
rates
as
the
bank
concludes
its
two-day
monetary
policy
meeting.
Economists
polled
by
Reuters
expect
the
RBA
to
hold
its
benchmark
lending
rate
at
4.35%
for
its
fourth
meeting
in
a
row.
Australia’s S&P/ASX
200
was
up
0.38%
ahead
of
the
decision,
on
course
to
gain
for
a
fourth
straight
day.
South
Korea’s
Kospi
popped
1.8%
to
hit
a
one-month
high
as
trading
resumed
after
a
public
holiday.
The
small-cap
Kosdaq
rose
0.61%.
Japan’s
Nikkei
225
also
resumed
trading
after
a
holiday
to
rise
1%,
while
the
broad-based
Topix
gained
0.19%.
Hong
Kong’s
Hang
Seng
index
edged
0.31%
higher,
while
mainland
China’s
CSI
300
was
flat.
Overnight
in
the
U.S.,
an
announcement
from
Hamas
on
Monday
that
it
had
accepted
an
Egyptian-Qatari
cease-fire
proposal
to
end
the
war
with
Israel
also
gave
stocks
a
boost,
with
the
Dow
Jones
Industrial
Average
notching
a
fourth
consecutive
winning
session,
up
0.46%.
The
S&P
500
advanced
1.03%,
while
the
Nasdaq
Composite
gained
1.19%.
—
CNBC’s
Brian
Evans
and
Jesse
Pound
contributed
to
this
report.
