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Asia Experiences Minor Rally

Asia Experiences Minor Rally

Asia-Pacific markets are set to mostly rise, largely mirroring moves on Wall Street as U.S. stocks saw a Nvidia-fueled tech rally on Tuesday.

In Japan, the Nikkei 225 index gained 106.49 points, or 0.3%, to 32,333.46.

In Hong Kong, the Hang Seng eked up 1.17 points to 18,482.86.

Investors will assess Australia’s inflation numbers for July, which will inform the Reserve Bank of Australia’s next monetary policy decision slated for Sep. 5. July’s headline inflation print came in at 4.9%, softer than the 5.4% seen in June.

In other markets

The CSI 300 deleted 1.6 points to 3,788.51.

In Taiwan, the Taiex index jumped 96.17 points, or 0.6%, to 16,719.82.

In Korea, the Kospi index added 9.06 points, or 0.4%, to 2,561.22.

In Singapore, the Straits Times Index subtracted 2.87 points, or 0.1%, to 3,220.22.

In New Zealand, the NZX 50 dropped seven points, or 0.1%, to 11,521.12.

In Australia, ASX 200 strengthened 87.29 points, or 0.7%, to 7,210.46.