October 3, 2022

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.