- Asian equities rose in response to Wall Street gains and China's increased support for its struggling property market.
- The market opened higher. Investors in Hong Kong and mainland China welcomed news that two Chinese regulators increased pressure on financial institutions to ease terms for property companies by encouraging loan extensions.
- Japan, South Korea, and Australia all saw gains in their benchmark indexes. Asian semiconductor stocks rose after Taiwan Semiconductor Manufacturing reported higher-than-expected sales, while their US counterparts rose on Monday.
- After the S&P 500 Index gained 0.2% and the Nasdaq 100 gained 0.2% on Monday, US stock futures were little changed.
- The dollar fell against the majority of its Group of 10 counterparts, extending losses from Monday when Treasury yields fell. Australian and New Zealand government bond yields fell in early trading. The yen swung to a gain, while the offshore yuan was little changed.
