(RTTNews) – Stock markets in the Asia-Pacific region, excluding Chinese markets, rose into positive territory on Tuesday, as investors look ahead to the upcoming financial policy meetings of various central banks and some economic insights for example. clues as to the most likely timing for interest rate cuts.
Energy stocks are gaining traction due to high oil costs amid emerging geopolitical tensions.
Chinese markets are affected by the liquidation order of the primary real estate property China Evergrande.
The Hong Kong Stock Exchange’s Hang Seng Index was down 323. 25 numbers or 2. 01% at 15,753. 99, about 100 numbers below the session low.
In the Australian market, the S
Megaport soars more than 28%. Mineral Resources, Sonic Healthcare, ResMed and Fortescue Metals rose 1 percent to 2 percent.
Rio Tinto, Altium, WiseTech Global, Pro Medicus, Endeavour, Transurban and Ramsay Healthcare are up with moderate gains.
Perpetual, CSR, Suncorp, QBE, Bendigo & Adelaide Bank, and AIA are down in negative territory with sharp to moderate losses.
On an annual basis, retail sales rose 0. 8% in December, the data showed.
In Tokyo, the Nikkei 225 is higher, extending last session’s gains. Investors digest Japan’s unemployment data, as well as follow corporate updates.
The Nikkei 225 rose 78. 06 points, or about 0. 2%, to 36,105. 00.
Trend Micro, Mitsui OSK Lines, Kawasaki Kisen, Shin-etsu Chemicals, Tokio Marine, Mitsubishi Heavy Industries, Nippon Electric Glass, MS
Toppan, Chughi Pharma, Hino Motors, Konica Minolta, Recruit Holdings, Resona Holdings, Nissan Chemicals, Chiba Bank and Nippon Express are down 1% to 2%.
According to information released through the Ministry of Interior and Communications, Japan’s unemployment rate stood at 2. 4 in December, seasonally adjusted. Economists had expected the unemployment rate to be at 2. 5, unchanged from November.
The South Korean market is up marginally, with the benchmark KOSPI gaining 2.45 points or 0.1% at 2,503.10.
Indonesia and Singapore are in positive territory with modest gains, while Malaysia and New Zealand are broadly stable.
A notable drop in Treasury yields contributed to the market’s rise.
The Dow climbed 224.02 points or 0.6% to 38,333.45, the Nasdaq jumped 172.68 points or 1.1% to 15,628.04 and the S&P 500 advanced 36.96 points or 0.8% to 4,927.93.