Asian shares got off to a strong start on Tuesday, with investors buoyed by strong factory output data from major economies, while the dollar and gold held ground on political uncertainty ahead of U.S. elections.
- MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 1%, up for the second straight day.
- South Korea’s main index .KSII advanced 1.7%, markets in Hong Kong .HSI and Sydney .AXJO rose 2% and Chinese blue chips .CSI300 put on 0.8%. Japanese markets were closed for a holiday.
- Oil prices steadied after two weeks of selling, with Brent futures down 0.1% to $38.90 a barrel, but hanging on to most of an overnight bounce.
- Gold was firm at $1,895.6 an ounce, while the dollar index held ground at 94.027.