The Japanese market’s momentum is driven primarily by the country’s technology and financial sectors.
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Japan’s main stock index rose more than 2% in early trading on Tuesday as it returned from the holidays.
benchmark Nikkei 225 Index It rose 2.53% and exceeded 36,000 points for the first time since August 2.
This momentum is largely driven by the country’s technology and financial sectors, which include companies such as Lotte Group and Trend Micro Jumped more than 8% and 6% respectively.
The country’s parliament plans to hold a special session next week to discuss the Bank of Japan’s decision raise interest rates Last month, Reuters quoted government sources as saying.
Japan Corporate Goods Price Index Annual growth of 3% in Julyin line with expectations, and faster than the 2.9% growth in June. CGPI measures price changes in commodities traded within business units.
Korean Cospi It fell 0.2%, with the small-cap Kosdaq index down 1.57%.
Australian S&P/ASX 200 Index A slight increase.
Hong Kong Hang Seng Index The CSI 300 Index opened up 0.4%, and the CSI 300 Index opened up 0.06%.
In Southeast Asia, Singapore reveals the state of its economy Growth in the second quarter was 2.9% The year-over-year comparison is consistent with the gross domestic production forecast released in July. The Department of Trade and Industry cited strengths in wholesale trade, finance and insurance, and information and communications. The city-state also said it expected GDP to grow by 2% to 3% in 2024, compared with the previous forecast of 1% to 3%.
U.S. markets were gripped by volatility overnight as investors braced for key inflation data.
this S&P 500 Index The day ended unchanged at 5,344.39 points, while the technology-heavy index Nasdaq Index rose 0.21% to close at 16,780.61 points, leading the gainers NVIDIA Soared 4%. on the other hand, Dow Jones Industrial Average It fell 140 points or 0.36% to close at 39,357.01 points.
Traders awaited Wednesday’s release of July’s consumer price index, a key indicator of the health of the U.S. economy. Investors will analyze the data for signs that the Federal Reserve may begin cutting interest rates in September.
—CNBC’s Brian Evans and Tanaya Macheel contributed to this report.
