SINGAPORE – Shares in Asia-Pacific opened higher as investors weighed the Reserve Bank of Australia’s rate decision.
The Nikkei 225 in Japan rose 0.92%, while the Topix index gained 0.59%.
Korea Kospi up 0.52% and Kosdaq up 0.94%.
In Australia, S&P / ASX 200 slightly higher.
The Reserve Bank of Australia is expected to raise interest rates by 50 basis points later today, a Reuters poll predicts. And retail sales data is also expected today.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.17%.
Elsewhere in the region, South Korean data released on Tuesday showed the consumer price index in June rose 6% year-on-year. This was slightly higher than the 5.9% increase expected and the fastest annual increase since November 1998, according to Reuters.
Japan and China will release Purchasing Managers’ Index reading services on Tuesday.
According to company news, a group of lawmakers in the UK are reportedly calling for a ban on Chinese CCTV manufacturers. Hikvision and Dahua about links that are alleged to be human rights violations.
US markets were closed overnight for a holiday.
The US Dollar Indextracks the greenback against its basket of currencies, at 105,115.