Asia-Pacific markets largely climbed on Tuesday following technology-driven gains on Wall Street, with Singapore set to release inflation data later in the day.
By 12:10 pm AEDT (1:10 am GMT), Australia’s S&P/ASX 200 was up 0.5% to 8,746.70, Japan’s Nikkei 225 was flat at 50,392.18, and South Korea’s Kospi 200 grew 0.8% to 587.55.
Singapore’s annual headline inflation was 1.2% in October. This was its highest level since August 2024, and above market forecasts of 0.9%.
Economists project Singapore’s headline inflation will be 0.9% across 2025 and rise to 1.5% in 2026, per a Monetary Authority of Singapore survey last week.
China’s central bank held lending rates unchanged for a seventh straight month yesterday. Australia released minutes from the Reserve Bank of Australia’s December meeting at 11:30 am AEDT.
In the United States, markets climbed on Monday (Tuesday AEDT) as technology stocks like Nvidia, Tesla, and Oracle gained.
The S&P 500 rose 0.6%, while the Dow Jones Industrial Average and Nasdaq Composite were up 0.5% each.
Brent crude prices rose 2.7% to US$62.07 per barrel. Spot gold increased 2.2% to $4,434.26 per ounce, having reached a new record of $4,441.92 earlier in the day.
The Shanghai Composite was up 0.7% to 3,917.36 yesterday. The CSI 300 rose by 1% to 4,611.62.
Hong Kong’s Hang Seng Index closed 0.4% higher at 25,801.77, while India’s BSE Sensex gained 0.8% to 85,567.48.
European markets dipped, with the United Kingdom’s FTSE 100 down 0.3% to 9,865.97. Germany’s DAX was roughly flat at 24,283.97, and France’s CAC 40 shed 0.4% to 8,121.07.
