Asian markets opened Tuesday on a strong note, with regional indices advancing across the board. Investor confidence was buoyed by improving global trade conditions and steady economic indicators, signaling renewed appetite for risk assets as October draws to a close.

Japan and South Korea Lead Regional Rally

Japan’s Nikkei 225 climbed 2.46% to 50,512.32, while South Korea’s KOSPI Composite surged 2.57% to 4,042.83, marking one of the region’s strongest performances this month. The rally reflected optimism in the technology and export sectors, boosted by positive earnings outlooks and sustained demand from Western economies.

Market participants also pointed to a softening in bond yields, which helped support equity valuations. With risk sentiment improving, investors are positioning ahead of upcoming economic data releases from the U.S. and China that could further influence short-term momentum.

China, Hong Kong, and India Add to Gains

China’s SSE Composite Index rose 1.18% to 3,996.94, while Hong Kong’s Hang Seng advanced 1.05% to 26,433.70. The upward trend in mainland and Hong Kong equities suggests growing confidence that recent policy support measures are stabilizing local demand.

India’s S&P BSE SENSEX added 0.67% to 84,778.84, continuing its steady climb as investors maintained exposure to banking and energy stocks. The broader sentiment across Asia was supported by expectations that global inflation pressures are easing, reducing concerns over aggressive monetary tightening.

Australia and Currencies Show Steady Momentum

Australia’s S&P/ASX 200 rose 0.41% to 9,055.60, reflecting resilience in the mining and financial sectors. The Australian dollar index edged up 0.67% to 65.54, mirroring modest strength in commodity-linked currencies. Meanwhile, the Japanese yen index remained flat at 65.42, signaling cautious stability in foreign exchange markets.

Liquidity across some regional markets thinned toward midday as Türkiye’s early market closure for Republic Day limited cross-border trading activity, resulting in reduced liquidity in parts of Asia and Europe during the latter half of the session.

Forward Outlook

With sentiment improving, traders are eyeing upcoming macroeconomic data for confirmation that growth momentum can be sustained into November. Market watchers expect volatility to remain moderate as earnings season winds down, though renewed geopolitical developments or central bank signals could shift direction quickly.

Asian equities appear poised to end the month on a constructive note, with investors balancing optimism against the backdrop of a still-fragile global recovery.