Asia-Pacific markets were higher on Tuesday as investors look ahead to the U.S. inflation report for the month of August.
South Korea’s Kospi rose 2.74% to 2,449.54 on its return to trade after a holiday Monday – led by Samsung Electronics which advanced 4.5% and SK Hynix that rose 4.87%.
The Nikkei 225 in Japan gained 0.25% to 28,614.63, and the Topix index ticked 0.32% higher to 1,986.57. In Australia, the S&P/ASX 200 rose 0.65% to 7,009.70.
Mainland China’s Shanghai Composite ticked fractionally higher to 3,263.80, while the Shenzhen Component added 0.385% to 11,923.47. The Hang Seng index in Hong Kong was 0.17% lower in the final hour of trade.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.61%.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
|
.N225
|
Nikkei 225 Index | *NIKKEI | 28614.63 | 72.52 | 0.25 |
|
.HSI
|
Hang Seng Index | *HSI | 19326.86 | -35.39 | -0.18 |
|
.AXJO
|
S&P/ASX 200 | *ASX 200 | 7009.7 | 45.2 | 0.65 |
|
.SSEC
|
Shanghai | *SHANGHAI | 3263.8 | 1.74 | 0.05 |
|
.KS11
|
KOSPI Index | *KOSPI | 2449.54 | 65.26 | 2.74 |
|
.FTFCNBCA
|
CNBC 100 ASIA IDX | *CNBC 100 | 7855.32 | 61.09 | 0.78 |
Headline inflation in the U.S. is expected to decline in August, according to a Dow Jones survey. But core inflation, excluding energy and food, is projected to rise. Headline CPI is expected to come in at 8%, compared with 8.5% in July.