China Manufacturing PMI, Japanese Yen Intervention | Wilnesh News

Asia-Pacific markets were largely set to extend gains on Tuesday, tracking Wall Street’s moves as investors awaited China’s manufacturing purchasing managers’ index for April.

Japan’s Chief Monetary Diplomat Masato Kanda It is said declined to comment on whether the Finance Ministry would intervene to support the yen after it fell to a record low on Monday.

The currency fell to its lowest level of 160.03 against the US dollar yesterday and then strengthened significantly to around the 155 level.

Meanwhile, the Wall Street Journal reported that Japan had intervened to support the yen by selling dollars and buying yen.

Traders will also assess economic data from Japan and South Korea.

Japan’s Nikkei 225 Index The Topix gained 0.98%, while the Topix gained 1.2% as traders returned from the public holiday.

Japan’s March retail sales growth was lower than expected, while the unemployment rate was slightly higher than expected.

Korean Cospi The Kosdaq rose 0.23%, with the small-cap Kosdaq rising 0.26%. The country’s factory output fell the most in 15 months in March, falling 3.2%, while a Reuters poll of economists expected a 0.6% rise.

The Australian S&P/ASX 200 Index down 0.17%.

Hong Kong’s Hang Seng Index futures were at 17,697 points, opening weaker than the Hang Seng Index’s closing point of 17,746.91 points.

Overnight, all three major U.S. stock indexes closed higher on Monday, boosted by Tesla, as traders braced for a week dominated by corporate earnings reports and a Federal Reserve meeting.

Tesla shares rose more than 15%, providing momentum for the market after clearing a key obstacle to fully autonomous driving technology in China.

this S&P 500 Index rose 0.32%, while Nasdaq Index Add 0.35%.this Dow Jones Industrial Average Add 0.38%.

—CNBC’s Brian Evans contributed to this report.