September 21, 2024

Valley Post

Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

Asian markets rose, South Korean shares rose ahead of the US CPI report

Asian markets rose, South Korean shares rose ahead of the US CPI report

A man looks at an electronic quotation board showing stock prices at the Tokyo Stock Exchange in Tokyo on August 2, 2022.

Kazuhiro Nogi | AFP | Getty Images

Asia Pacific markets rose on Tuesday as investors looked to US inflation report for the month of August.

South Korea Cosby It rose 2.74% to 2449.54 as it returned to trading after Monday’s holiday – led by Samsung Electronics which advanced 4.5% and SK Hynix which rose 4.87%.

The Nikkei 225 In Japan, it rose 0.25% to 28614.63, and Topix rose 0.32% to 1,986.57. in Australia , S & P / ASX 200 It rose 0.65% to 7,009.70.

Mainland China Shanghai boat It was fractionally raised to 3,263.80, while Shenzhen Component It added 0.385% to 11,923.47. The Hang Seng Index In Hong Kong it fell 0.17% in the last hour of trade.

MSCI’s broadest index of Asia Pacific shares outside Japan rose 0.61%.

The headline inflation rate in the United States is expected to decline in August, according to a Dow Jones survey. But core inflation is expected to rise, excluding energy and food. Headline CPI is expected to come in at 8% compared to 8.5% in July.

CNBC’s Jesse Pound, Carmen Renick, and Patti Doom contributed to this report.

See also  "What is the value of gold pounds today? Is gold the safest investment? Pros and cons"