Tokyo, Japan (BBN)-Asian stocks are rising, tracking gains on Wall Street after technology giant IBM posted better-than-expected earnings.
US stocks rebounded from their biggest fall in three weeks on Monday, with the S&P 500 rising 0.9% and the Dow Jones gaining 1.2%, reports BBC.
Japan’s benchmark Nikkei rose 0.8% while the broader Topix gained 1.1%.
Hong Kong’s Hang Seng opened 1.7% higher, while the Shanghai Composite rose 0.5%, reversing Monday’s losses.
Australia’s S&P/ASX 200 Index rose 0.9% ahead of the release of the minutes from the Reserve Bank of Australia’s April meeting.
South Korea’s Kospi and New Zealand’s NZX 50 Index are both trading flat.
STOCK MOVERS
Shares of Singapore-based telecoms group Singtel are falling after it announced plans to delist from the Australian Stock Exchange.
Southeast Asia’s biggest telecommunications firm said the decision to lose their secondary listing stemmed from the low market demand for its securities in Australia.
Singtel operates the Optus network in Australia, making it the country’s second-biggest telecommunications provider behind Telstra.
In Japan, shares of camera-maker Canon are down by nearly 1% on reports it may post lower profits because of poor sales in Europe.
According to the Nikkei newspaper, Canon’s operating profits fell about 15% to 70bn yen ($586m) in the three months through March.
BBN/SK/AD-21Apr15-10:20am (BST)
