Tokyo — Asian shares rose on Tuesday after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week.MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains and rose 0.7%. The Shanghai composite index advanced 0.2% while the blue-chip CSI300 index was up 0.4%. The MSCI Asia ex-Japan materials index was 1.1% higher, buoyed by spot price gains.Zinc edged down a day after hitting its highest since October 2007, while copper inched back towards its highest peak since November 2014 scaled on Monday. Nickel, used in stainless steel, crept slightly higher to log a fresh high for the year."Commodity prices are holding firm, particularly base metals," said Sue Trinh, head of Asia FX strategy at RBC Capital Markets in Hong Kong. This had underpinned commodity-related currencies such as the Australian dollar, she said.Nonetheless...
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