Home News Asia markets rise, South Korea stocks pop ahead of U.S. CPI report

Asia markets rise, South Korea stocks pop ahead of U.S. CPI report

by WOOWinvest
0 comment
Asia markets rise, South Korea stocks pop ahead of U.S. CPI report

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

Kazuhiro Nogi | AFP | Getty Images

Asia-Pacific markets were higher on Tuesday as investors looked ahead to the US 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%.

Headline inflation in the US 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.

— CNBC’s Jesse Pound, Carmen Reinicke and Patti Domm contributed to this report.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy