"The market is still going in a strong trend, particularly as it started to digest that Fed will start tapering in November," said Edison Pun, Senior Market Analyst at Saxo Markets.
U.S. Treasury yields were lower as uncertainty about when the Federal Reserve would raise rates to curb rising inflation weighed on market sentiment.
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Japan stocks set to rise after major indexes on Wall Street close at record highsThe Dow Jones Industrial Average and S&P 500 sailed to record closing highs on Monday.
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