Asian markets mostly rise as Wall Street nears record highs

In Japan, the Nikkei 225 climbed 2.1% after a previous drop, while the yen traded at 146.94 against the U.S. dollar. China kept its key lending rates steady after last month’s cuts aimed at boosting the economy.

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Hong Kong’s Hang Seng fell 0.3%, and Shanghai’s Composite dropped 1.0%. Australia’s ASX 200 gained 0.2% after the Reserve Bank decided to hold interest rates at 4.35%. South Korea’s Kospi jumped 0.8%.

On Wall Street, the S&P 500 achieved its longest winning streak of the year, while the Dow and Nasdaq also posted gains. Treasury yields were steady, and oil prices slipped. All eyes are on a speech by Fed Chair Jerome Powell later this week, where interest rate cuts are expected.