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Asian shares rose on Tuesday as investors in the stock market braced for a cut in U.S. interest rates this week, while Sterling fell to a 28-month low as concerns about a no-agreement British withdrawal rose.
The MSCI Mingsheng Asia-Pacific (excluding Japan) index rose 0.35%.
The Shanghai Composite Index. SSEC rose 0.7%.
The Australian stock market also rose 0.7% to a record high, supported by a rise in mining stocks, helped by the rise in technology stocks last day.
Nikkei stock index. N225 also rose 0.7%. As expected by the Bank of Japan to maintain monetary policy unchanged on Tuesday, Nikkei stock reacted little.
The Bank of Japan added that if the economy loses momentum when it reaches its inflation target of 2%, it will "not hesitate" to relax its policy.
The U.S. Federal Reserve (Federal Reserve / FED) met late Tuesday for two days, and the Fed is widely expected to cut interest rates by 25 basis points. If true, this would be the first rate cut by the Federal Reserve in 10 years.
The possibility of the Fed cutting interest rates is a major factor in the recent strength of global stock markets, especially US stocks, which have repeatedly rewritten record highs in the past month.
"Prior to that, while the financial markets digested the Fed's interest rate cuts, many market participants had been on the sidelines," said Kota Hirayama, an emerging market analyst at SMBC Rising Securities, commenting on the rise in sub-shares.


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