Asia Markets: Nikkei leads Asian-market gains following Wall Street’s rally

Asian markets advanced in early trading Wednesday following strong gains on Wall Street.

The Dow Jones Industrial Average DJIA, +2.06% , S&P 500 SPX, +2.14% and Nasdaq Composite COMP, +2.65% all rose more than 2% on Tuesday, spurred by comments by Federal Reserve Chairman Jerome Powell that left the door open to an interest-rate cut.

While there was no major news on the U.S.-China trade front, Reuters reported U.S. Treasury Secretary Steve Mnuchin will meet with Yi Gang, governor of the People’s Bank of China, on the sidelines of the G-20 summit in Japan this weekend.

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