- Following a surge on Wall Street, Asian stocks rose as investors positioned for US inflation data after a reduction in wage-growth projections alleviated some of the worries over rising costs.
- Stocks rose throughout the majority of the region, putting an Asia equities indicator on track to end a 2-day losing run. Shares fluctuated in Hong Kong and on the mainland after an index of Chinese equities listed in the US rose by the most in nearly 2 weeks.
- After a study revealed that Americans substantially cut their expectations for household income growth despite tighter monetary policy, the S&P 500 rose 1.1% and the tech-heavy Nasdaq 100 rose 1.6%.
- The yen advanced somewhat as the government officially named Kazuo Ueda as the next governor of the BoJ. Bets have recently increased that the BoJ's yield-curve control and negative-rate policies would be phased out shortly under Ueda's leadership.
