MARKET UPDATE

Asia-Pacific markets rise as Wall Street bounces on retail sales data

Asia-Pacific markets rose on Tuesday, tracking gains on Wall Street, which ticked up after U.S. retail sales data appeared to ease recession concerns.

Investors will be keeping a close watch on Japanese markets, as the Bank of Japan kicks off its two-day monetary policy meeting on Tuesday. The central bank is widely expected to hold interest rates steady at 0.5% when the meeting concludes on Wednesday.

The BOJ's two-day meeting coincides with the U.S. Federal Reserve, with the latter also expected to keep interest rates unchanged.

Japan's benchmark Nikkei 225 started the day 1.34% higher, while the broader Topix index rose 1.26%.

Over in South Korea, the Kospi index advanced 0.76% at the open while the small-cap Kosdaq added 0.38%.

Australia's S&P/ASX 200 was trading 0.63% higher.

Meanwhile, futures for Hong Kong's Hang Seng index stood at 24,186 pointing to a stronger open compared to the HSI's last close of 24,145.57.

Source: CNBC

Related News

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.

World Time