TOKYO — Asian shares mostly rose Tuesday as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.may be improving, as the nations agreed to work together to smooth out economic relations, including business and trade.
U.S. Commerce Secretary Gina Raimondo said she and her Chinese counterpart agreed Monday to exchange information on U.S. export controls and set up a group to discuss other commercial issues. That signals possible hopes about bilateral communication, but various conflicts remain, including over technology, security and human rights.
Australia's S&P/ASX 200 added 0.5% to 7,197.50. South Korea's Kospi edged up 0.3% to 2,551.54. Hong Kong's Hang Seng jumped 2.0% to 18,498.18, while the Shanghai Composite gained 1.1% to 3,133.55. The Dow Jones Industrial Average rose 213.08 points, or 0.6% to 34,559.98 and the Nasdaq composite rose 114.48 points, or 0.8%, to 13,705.13.Companies are wrapping up their latest round of earnings reports, which have mostly beaten analysts' expectations. Still, overall profits for the S&P 500 have contracted about 4% under the weight of persistent inflation.