Asia-Pacific markets rose despite a rise in US Treasury yields as market participants awaited CPI results for fresh clues on the Federal Reserve’s interest rate outlook.
As of 6:26am, the Nikkei 225 was trading 250.09 points or 0.64% higher at 39,597.13 and the S&P ASX 200 was trading 36.70 points or 0.47% higher at 7,825.80.
The world’s largest bond market started the week on the back foot as geopolitical pressures eased and traders braced for this week’s key inflation data, according to Bloomberg.
As on Monday, the S&P 500 index fell 0.04% and the Nasdaq Composite Index rose 0.18%. The Dow Jones Industrial Average fell 0.03%.
Brent crude oil was trading 0.51% higher at $90.84 per barrel. Gold rose 0.07% to $2,340.77 per ounce.
Gift Nifty was trading 5 points or 0.02% lower at 22,833.00 at 6:33 a.m.
India’s benchmark stock index started the week at a new high at Monday’s close, led by gains in auto stocks. The market capitalization of BSE-listed companies crossed Rs 400,000 crore, and Bank Nifty also hit its highest closing price of Rs 48,581.7.
Foreign investors turned net sellers of Indian stocks on Monday after a day of buying. Foreign portfolio investors sold shares worth Rs 684.7 million, while domestic institutional investors turned net buyers, buying up shares worth Rs 3,470.5 million, according to provisional data from the National Stock Exchange.
The Indian currency depreciated by 3 paise to close at 83.32 rupees against the US dollar.
