An aerial view of the central business district and Sydney Opera House on February 17, 2023.
David Gray | Getty Images News | Getty Images
Asia-Pacific markets climbed Tuesday as investors awaited business confidence surveys from Australia and consumer confidence data from Japan, with focus also on U.S. inflation numbers to assess the Federal Reserve’s rate cut path.
Japan’s Nikkei 225 climbed 0.59%, while the broad-based Topix gained 0.37%.
South Korea’s Kospi rose 0.17%, extending gains from Monday, while the small-cap Kosdaq was close to the flatline.
Hong Kong’s Hang Seng index was 1.1% up, while the mainland Chinese CSI300 saw a smaller rise of 0.16%.
In Australia, the S&P/ASX 200 was up 0.46%, rebounding from Monday’s losses.
Overnight in the U.S., all three major indexes remained largely range bound, with investors awaiting the consumer price index report out on Wednesday.
The Dow Jones Industrial Average inched lower by 0.03%, while the S&P 500 ticked down by 0.04%. Meanwhile, the Nasdaq Composite closed marginally higher by 0.03%.
Treasury yields rose, with the rate on the benchmark 10-year Treasury note up about 4 basis points to 4.42%.
— CNBC’s Hakyung Kim and Yun Li contributed to this report.
