Tokyo — Japan’s Nikkei rose more than 1% to a nearly two-year high on Tuesday, encouraged by a rebound in US hi-tech shares as investors bet on solid growth in the economy and corporate profits globally. MSCI’s broadest index of Asia-Pacific shares outside Japan held firm near a two-year high struck last week, but was little changed on the day, with gains in hi-tech stocks offset by a decline in Australian shares. A big focus for Asia is whether index provider MSCI will later in the global day open up its emerging markets index to Chinese mainland shares, which have restricted access for foreign investors. Many investors expect the so-called A shares that make up the majority of China’s stock market to be included after being rejected on three previous occasions. The blue-chip CSI300 index of mainland stocks was down 0.2%. Wall Street’s S&P 500 and the Dow Jones industrial average hit record highs as technology shares bounced back after some sudden falls earlier this month. "Hi-tech...
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