Hong Kong, Shanghai Indices Rise

India Recap

Shares of India-based equities rose for the sixth consecutive trading session Tuesday as investors bid up stocks in hopes that a global recovery is under way. Dealers in the Far East said they expect stocks to march higher right up until the central bank issues its monetary policy review next week.

Once the review is released, all bets are off, and many analysts expect volatility to return to Bombay as institutional investors look toward interest rate decisions to drive the market's direction.

Comments out of India Finance Minister Palaniappan Chidambaram sparked renewed fears among market players that an interest rate hike will come at the April 29 policy meeting

"More monetary and fiscal measures are under consideration to contain runaway inflation, currently near a three-year high," Chidambaram said. ...