Beijing, Asian stocks followed Wall Street higher today ahead of data traders hope will show surging US inflation eased in August 2022, reducing pressure for more interest rate hikes.
Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged lower.
Wall Street’s benchmark S&P 500 index gained 1.1% yesterday (Monday) for its fourth daily rise.
The Shanghai Composite Index gained less than 0.1% to 3,253.92 and the Nikkei 225 in Tokyo added 0.2% to 28,614.53. The Hang Seng in Hong Kong rose 0.4% to 19,442.89.
The Kospi in Seoul soared 2.9% to 2,452.69 and Sydney’s S&P-ASX 200 rose 0.7% to 7,013.70.
India’s Sensex opened up 0.6% at 60,504.83. New Zealand declined while Southeast Asian markets gained.
On Wall Street, the S&P 500 rose to 4,110.41. The Dow Jones Industrial Average gained 0.7% to 32,381.34. The Nasdaq composite rallied 1.3% to 12,266.41.
Source: Oman News & Info Agency