Asia markets mostly set to track Wall Street gains; China factory activity data on deck

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Investors will be looking for any official confirmation or denial that Japan has intervened in the yen, after the currency swung wildly on Monday.

Asia-Pacific markets were largely set to extend gains on Tuesday, tracking Wall Street moves, with investors awaiting official announcement about any possible intervention by Japanese authorities to check the slide in yen.The Commonwealth Bank of Australia said in a note that Japan's Ministry of Finance is expected to publish Tuesday its market interventions between March 28 and April 26.

It highlighted its baskets of buyback stocks for a diversified strategy. This basket offers a high single-digit yield with roughly 4% via buybacks plus 4% via dividends — with a sector breakdown as close as possible to the market, said Goldman.has achieved impressive returns for many years. Over the past decade it's up 95.4%, compared to the 33.8% return posted by its benchmark, the

"Our economists see no sign of stagflation and expect a continued manufacturing recovery and strong job growth, which should be positive for stocks," wrote strategist Ohsung Kwon in a note from Monday.

 

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