From Tokyo the Asian stock market going high in morning Wall Street rose before a likely hike in US interest rates, while the dollar goes large gains made in Treasury yields picked upMSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7 percent.
On Wall Street Tuesday, the Dow added 0.9 percent and the S&P 500 advanced 1.1 percent. Bank stocks, which will likely benefit from higher rates, were among the market leaders with a 2.4 percent advance on the S&P financial sector index.
The Federal Reserve is expected to announce a hike in interest rates when its two-day policy setting meeting ends later in the day.
It would be the first US rate hike in nearly a decade, signalling the beginning of an end to an expansionary monetary policy that has supplied a tidal wave of liquidity to risk asset markets globally.
Australian shares climbed 1.5 percent and Japan’s Nikkei gained 1.9 percent.