Asian shares rose after a Wall Street rally, with Japanese shares advancing after concerns about the Bank of Japan’s plan to offload its massive exchange-traded fund holdings eased.
MSCI’s regional stock gauge gained 0.3% with Japanese equities jumping 1.5%. The yen also weakened against the dollar, which typically benefits exporters. Indian equities edged lower, with technology companies such as Infosys Ltd. and Tata Consultancy Services Ltd. declining as traders weighed the impact from the sharp increase in H-1B visa application fees.