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At sunset, Lotte Tower stands out against the Seoul city skyline and Han River.
Ed Jones | AFP | Getty Images
Asia-Pacific stocks opened higher on Tuesday, tracking gains on Wall Street.
Futures in Australia S&P/ASX 200 It closed at 7,956 points, slightly higher than the index’s last close of 7,931.7 points.
Japan’s Nikkei 225 Index Futures showed the market opening stronger, with the Chicago contract at 39,985 and the Osaka contract at 39,879, compared with the previous close of 39,599.
Hong Kong’s Hang Seng Index futures were at 17,741 points, higher than the Hang Seng Index’s last closing price of 17,635.88 points.
Korea Producer Price Index In June, it rose by 2.5% Year-on-year, the growth in May was 2.3%.
Later on Tuesday, India will present Prime Minister Narendra Modi’s first budget of his third term. Barclays analysts expect the coalition government to show policy consistency in the budget, “indicating that fiscal consolidation continues with a slight change in the spending mix.”
“While continuing to focus on capital spending, we believe the government will use the increased revenue to finance higher revenue spending, balancing economic and political demands,” Barclays wrote in a recent report.
Asian traders will also be watching Singapore’s June inflation data. The country’s consumer price index is expected to rise 2.7% year-on-year, according to economists polled by Reuters. That compares with a 3.1% increase in May.
In the United States, overnight S&P 500 Technology stocks rebounded after their worst weekly drop since April, posting their best day since June 5.
The benchmark index rose 1.08 percent to 5,564.41, its best day since June 5, while Nasdaq Composite Index It rose 1.58% to close at 18,007.57 points. Dow Jones Industrial Average It closed up 127.91 points, or 0.32%, at 40,415.44 points.
—CNBC’s Samantha Subin and Hakyung Kim contributed to this report.
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