Seoul city skyline in the early morning on December 16, 2020.
Ed Jones | AFP | Getty Images
Asia-Pacific stocks opened higher on Tuesday, tracking gains on Wall Street, with the S&P 500 and Nasdaq rising to new highs.
Australian S&P/ASX 200 Index up 0.71%.
Japanese Nikkei 225 Index Shares rose 1.6%, with the Topix rising 1.19%.
The Kospi rose 1.64% and the Kosdaq rose 1.49%. Korean Inflation rate climbed to 1.5% in November Year-on-year, it was higher than October’s inflation reading of 1.3% and lower than the 1.7% expected by economists polled by Reuters.
Hong Kong’s Hang Seng Index edged up 0.011%
Traders are bracing for a wave of economic reports and comments from Federal Reserve officials that will influence the future direction of interest rates.
Overnight in America, S&P 500 Index It rose 0.24% to close at 6,047.15 points. this Nasdaq Index It rose 0.97% to close at 19,403.95. Both indexes hit new all-time highs during the session and set all-time closing records.
this Dow Jones Industrial Average It fell 0.29%, or 128.65 points, to close at 44,782.00 points. The blue-chip index briefly exceeded the 45,000-point mark that day, a key level that the stock touched several times last week.
Traders will focus on the U.S. non-farm payrolls report for November, Expires Fridaycan provide insight into the strength of the labor market ahead of the Fed’s policy meeting on December 17-18. Fed funds futures are currently pricing in a 76% chance the central bank will cut rates during the policy collection period, according to CME. Fed Watch Tool.
—CNBC’s Alex Harring and Lisa Kailai Han contributed to this report.
