Asian Equities Higher on U.S. Lead

Asian equities opened mostly higher early Wednesday, as investors took heart from an inspiring performance on Wall Street overnight and news of a snap poll in Japan.

Overnight, U.S. stocks climbed, lifting both the Dow Jones Industrial Average and S&P 500 to fresh all-time highs as a $66 billion deal by Actavis for Allergan drove gains in the healthcare sector and a gauge of sentiment among U.S. home builders increased more than expected. The Nasdaq advanced 0.7 percent.

Amid a data-light day in Asia, focus will likely fall on the BoJ’s policy decision. Observers expect the central bank to leave its monetary policy unchanged after it shocked global financial markets at the end of October by expanding its massive asset-buying program.


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