Asia-Pacific markets set to rise after Wall Street’s jump; yen hovers near 149-levels

Shares in the Asia-Pacific are poised to rise on Tuesday after Wall Street’s rally overnight.

The Nikkei futures contract in Chicago was at 27,150 while its counterpart in Osaka was at 27,110 –sharply higher compared to the Nikkei 225’s last close at 26,775.79. Japan’s yen touched 149.08 against the dollar and was last trading around that level.

In Australia, the S&P/ASX 200 gained 1.54% in early trade. The Reserve Bank of Australia is expected to release its meeting minutes for its October meeting.

China was due to report gross domestic product data, but has delayed that and a slew of economic releases for the third quarter, according to an updated calendar posted on the National Bureau of Statistics’ website. The unusual move comes as the Communist Party of China holds its 20th National Congress.

Overnight in the U.S., major indexes jumped following some better-than-expected earnings reports.

The Dow Jones Industrial Average added 550.99 points, or 1.86%, to close at 30,185.82. The S&P 500 popped 2.65% to 3,677.95. The tech heavy Nasdaq Composite jumped 3.43% for its best day since July, finishing at 10,675.80.

— CNBC’s Jesse Pound and Yun Li contributed to this report.