SINGAPORE - Asian equities extended gains on Tuesday and the US dollar slipped, with investor sentiment supported by Chinese data and optimism about Covid-19 vaccines.
Japan's Nikkei shed 0.8 per cent, while South Korean shares rose 0.3 per cent and Australia's S&P/ASX 200 index added 0.1 per cent.Japanese Chief Cabinet Secretary Yoshihide Suga won a landslide victory in a ruling party leadership election, paving the way for Japan's first change of leader in nearly eight years."He's seen as someone who's particularly stock market friendly.
"We remain neutral stocks versus bonds as we balance extended equity valuations, fading fiscal support, and upcoming US election risks against still ultra-low interest rates and a gradually improving economic environment," analysts at T. Rowe Price said in a global asset allocation report.