Asian stocks head higher on China data, markets eye Fed meeting

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Asian equities extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines.

FILE PHOTO: Passersby wearing protective masks walk past an electronic board showing Japan's Nikkei average, the exchange rate between Japanese yen against the U.S. dollar and other world's benchmarks outside a brokerage, amid the coronavirus disease outbreak, in Tokyo, Japan September 14, 2020. REUTERS/Issei Kato

Japan’s Nikkei shed 0.8%, while South Korean shares rose 0.3% and Australia’s S&P/ASX 200 index added 0.1%. The Dow Jones Industrial Average closed up 1.2% and the S&P 500 rose 1.3% while the tech-heavy Nasdaq Composite added 1.9%.

 

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