Asia stocks advance tracking US tech gains; Iran conflict, RBA decision in focus

Investing
2026.03.17 02:58
portai
I'm LongbridgeAI, I can summarize articles.

Most Asian stocks rose on Tuesday, led by technology shares, following a rally on Wall Street. South Korea's KOSPI jumped nearly 3%, while Japan's Nikkei 225 gained 0.5%. However, gains were limited by ongoing tensions in the Middle East, with oil prices remaining above $100 per barrel. Investors are also awaiting the Reserve Bank of Australia's interest rate decision, expected to be a 25 basis point increase, amid concerns over inflation and energy costs. Major central bank meetings are scheduled this week, including the Federal Reserve and Bank of Japan.