Asia's stock markets opened higher on Tuesday following a Wall Street rally driven by vaccine hopes, while the dollar found some support ahead of a key central bank speech.
Japan's Nikkei opened 1% higher and banking stocks led Australia's S&P/ASX 200 up 0.8%. Futures pointed to a steady open in Hong Kong and China. S&P 500 futures rose 0.3% in Asia. That seemed to overshadow a rise in coronavirus cases in Europe and the first documented case of human re-infection with COVID-19, where a man in Hong Kong caught the virus again some four months after first being infected.
Investors now await a Thursday speech from Federal Reserve chairman Jerome Powell and expect he might address the Fed's future approach to inflation and allow it to run hotter than 2% to make up for years of undershooting.
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