China's central bank surprised many by lowering its 14-day repo rate by 10 basis points
Futures rose 0.6 per cent in the Asia day and Nasdaq futures were up 0.9 per cent
Stock Market Highlights: The BSE Sensex crossed the 83,000-mark and the Nifty surpassed the 25,400 level for the first time today in the intraday trade
That has left investors skittish in Asian hours, with MSCI's broadest index of Asia-Pacific shares outside Japan 0.08% lower. Japan's Nikkei fell 1% in early trading
The dollar was hanging on to gains made on Friday after upbeat spending figures led markets to trim the chance of a half-point easing from the Federal Reserve
Solid growth and resilience in the world's largest economy trumped investors' disappointment on Nvidia's underwhelming results
Investors now await US weekly jobless claims, which have gained prominence
Gold prices were just shy of a record peak, while the dollar firmed and the yen hovered near its highest
Traders see very little chance that BOJ could hike rates in Oct after recent sell-off, but Ueda said the central bank stood ready to raise rates if economy and prices move in line with its forecast
US stock futures similarly rose, with S&P 500 futures last up 0.02 per cent while Nasdaq futures advanced 0.12 per cent
Fed chair Jerome Powell speaks in Jackson Hole and investors assume he will acknowledge the case for a cut
Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.3%
Japan's Nikkei rose more than 2 per cent in early trading after Monday, a welcome relief after last week's volatility that began with a massive sell-off spurred by rising yen and fears of US recession
Nikkei futures were trading at 33,640, suggesting the cash market could open around 2,000 points higher
Focus will be on whether the BOJ will raise rates, with several Japanese media reporting that the bank would consider raising rates
Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling
The US dollar was broadly firm, with traders watching out for an inflation reading on Friday and Federal Reserve meeting next week
Investors seemed well-prepared for news that US President Joe Biden had dropped out of the election race and endorsed Vice President Kamala Harris for the Democratic ticket
A slowdown in hiring and small uptick in unemployment is forecast, would leave open the door for US rate cuts
The US is back on a disinflationary path, Powell said on Tuesday, although he cautioned that policymakers need more data