Tokyo’s Nikkei 225, reopening after a national holiday, jumped 1.6% to 38,835.10. Gains were led by semiconductor companies like Tokyo Electron, which closed 4.8% higher, and Advantest, which picked up 2.2%.
Taiwan’s Taiex was up 0.6%, while India’s Sensex gave up 0.7% as the country began the third phase of its weeks’ long national elections process. Berkshire Hathaway added 1% after Warren Buffett’s company reported its latest quarterly results over the weekend. Traders are betting on a nearly 89% chance that the Fed will cut its main interest rate at least once before the end of the year, according to data from CME Group. That’s up from from an 81.6% probability seen a week earlier. Lower rates would help ease the pressure on the economy and financial system.
But several more big names are still on the way, including The Walt Disney Co. and Uber Technologies.
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