By Scott Murdoch

SYDNEY (Reuters) -Asian share markets rallied on Tuesday as hopes grew the Federal Reserve will deliver a December interest rate cut, while investors piled into global technology stocks shrugging off concerns the sector was becoming overheated.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1% led mainly by tech stocks, recouping some of the losses from last week when it fell 4%. The index is on course for a 3.8% drop in the month, its first monthly decline since March.

Japan’s Nikkei was up 0.8% in early trading on Tuesday after returning from a holiday on Monday. The index slid 3.5% last week as a bout of risk-off sentiment gripped markets.

“Nice to see widespread cross-asset class green on the screens this morning as volatility eases a notch and the

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