ASIA

Asia-Pacific markets open higher after S&P 500 and Dow hit new highs

Asia-Pacific markets are set to open higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average

 reach new records as investors shook off geopolitical concerns.

Australia's S&P/ASX 200 was up 0.5% in early trading. South Korea's Kospi jumped 0.6%, while the small-cap Kosdaq was up 0.7%.

Japan's Nikkei 225

opened up 0.5%, while the broad-based Topix gained 0.4%.

Traders in Asia will assess data from September on producer prices in Japan which rose 2.8% from a year ago. Economists polled by Reuters had predicted the inflation rate would come in at 2.3%, down from 2.5% in August.

Hong Kong Hang Seng index

 futures were at 21,070, higher than the HSI's last close of 20,637.24.

Traders will monitor markets in China after the Shenzhen Composite Index registered its worst trading day since 1997 as Beijing disappointed investors and have not announced further, major stimulus measures beyond the initial blitz.(cay)

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