Tokyo Tower and Christmas street light up from Roppongi.
Kinsei-tgs | Istock | Getty Images
Asia-Pacific markets rose across the board Tuesday, rebounding from a sell off in the previous session.
Investors assessed December inflation numbers for Japan’s capital city of Tokyo, which are a leading indicator for nationwide inflation.
Tokyo’s inflation rate slowed to 2.4% in December from 2.6% in the previous month. Core inflation — which strips out prices of fresh food — remained unchanged at 2.1%, and came in line with expectations.
Australia will also release its November retail sales figures, which are a key consideration for the Reserve Bank of Australia when it decides on monetary policy.
The Australian S&P/ASX 200 climbed 1.03%.
Japan’s Nikkei 225 popped 1.66% as trading resumed after a public holiday, while the Topix gained 0.93%.
South Korea’s Kospi advanced 0.7% even as heavyweight Samsung Electronics cut its earnings forecast for the fourth quarter of 2023, while the small-cap Kosdaq gained 0.91%.
Futures for Hong Kong’s Hang Seng index stood at 16,377, pointing to a slight rebound compared with the HSI’s close of 16,224.45.
Overnight in the U.S., all three major indexes gained, boosted by tech shares.
Shares of Nvidia rose 6.4%, reaching an all-time high, and Amazon climbed nearly 2.7% to help pull the Nasdaq higher. Separately, Alphabet shares advanced 2.3%, while Apple added 2.4% after Evercore ISI advised clients to buy last week’s dip.
The S&P 500 gained 1.41%, and the Nasdaq Composite jumped 2.2% to mark the tech-heavy index’s best day since Nov. 14.
The Dow Jones Industrial Average added 216.90 points, or 0.58%, settling at 37,683.01.
— CNBC’s Sarah Min and Pia Singh contributed to this report