Asian shares mostly rise after Wall Street sets new records

TOKYO (AP) — Asian shares traded mostly higher Tuesday after Wall Street set new records and investor anticipation grew that the U.S. Federal Reserve will announce the first cut of the year on its main interest rate.

Japan's benchmark Nikkei 225 came off a holiday to momentarily reach above 45,000 points a few times during the session, the first ever to happen during regular trading. The benchmark was trading at 44,975.69 in the afternoon, up 0.5% from the previous close. Australia's S&P/ASX 200 edged up 0.3% to 8,875.60. South Korea's Kospi rose 1.2% to 3,448.69.