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%.
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.
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