Japanese stocks rose, following U.S. equities higher, as investors speculated that the Federal Reserve will refrain from raising U.S. interest rates this week.
The Topix index added 1.1 percent to 1,477.91 as of 9:01 a.m. in Tokyo, with all but two of its 33 industry groups gaining. It is headed for its first advance this week. The Nikkei 225 Stock Average increased 1.1 percent to 18,230.34. The Fed announces its interest rate review Thursday. The Bank of Japan publishes its September economic report on Wednesday, a day after it maintained its record monetary stimulus.
E-mini futures on the Standard & Poor’s 500 Index were little changed after the underlying equity measure rose 1.3 percent on Tuesday, closing at its highest level in more than two weeks.
Source : Bloomberg