As investors anticipate the release of the August U.S. inflation report, Asia-Pacific markets advanced on Tuesday. Following a holiday, South Korea’s Kospi index increased 2.74 percent to 2,449.54 on Monday. Samsung Electronics and SK Hynix both saw significant gains.
The Topix index inched up 0.32% to 1,986.57, and the Nikkei 225 in Japan increased by 0.25 percent to 28,614.63. The S&P/ASX 200 index increased 0.65% to 7,009.70 in Australia.
Shanghai Composite in mainland China increased by a tiny amount to 3,263.80, and Shenzhen Component increased by 0.385% to 11,923.47. In the last hour of trading, the Hong Kong Hang Seng index fell 0.17%.
The largest MSCI index of Asia-Pacific stocks outside of Japan increased by 0.61%. According to a Dow Jones survey, August’s U.S. headline inflation is predicted to be lower. However, core inflation—which excludes energy and food—is anticipated to increase. Headline CPI is anticipated to register at 8%, down from 8.5% in July.
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