Investing.com - Shares in Tokyo gained smartly in Asia on Tuesday, joined by Sydney and Shanghai as sentiment improved following recent sharp volatility in global markets.
The Nikkei 225 rose 1.70%, while the Shanghai Composite gained 2.83% and the S&P/ASX 200 rose 0.82%.
Earlier, the Reserve Bank of Australia said it sees domestic conditions on balance as positive, though it continues to keep a close eye on the economic wobbles in China, according to the minutes of its Feb. 2 board meeting released Tuesday.
At the meeting, the RBA held rates at a record low 2%.
U.S. markets were closed on Monday. Ahead, market players will be turning their attention to Wednesday’s minutes of the Fed’s latest policy meeting for fresh indications on whether the U.S. central bank will raise interest rates at all this year.