Asian markets rise ahead of key US, China data

Asian markets rise ahead of key US, China data

HONG KONG - Asian markets rose on Tuesday as traders awaited key economic data out of the United States and China later in the week and the start of the corporate earnings season.

Tokyo climbed 0.39 per cent, or 42.41 points, to 10,866.72 and Sydney jumped 1.11 per cent as dealers returned from a long weekend, the index adding 53.8 points to end at 4,889.0.

Seoul added 0.84 per cent, or 16.25 points, to 1,955.96, while in the afternoon Hong Kong edged up 0.05 per cent.

Shanghai was 0.41 per cent higher, extending strong gains from the previous session as confidence in the mainland economy grows stronger.

However, there was a certain amount of caution as the corporate earning season begins this week in Japan.

Eyes are on the United States as the Federal Reserve begins a two-day policy meeting on Tuesday, followed by the release on Friday of closely watched jobs data, with investors hoping for new clues on the state of the economy.

Friday will also see the release of Chinese manufacturing data, which is likely to add to recent evidence that the world's number two economy has shaken off a malaise that weighed on growth for most of last year.

Japanese shares climbed while the yen remained under pressure as the euro and dollar continue to pick up against the unit.

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