Shares in Asia and Pacific extended gains on Tuesday as markets remained calm awaiting U.S. inflation data that will provide a key indicator of the future direction of interest rates.
As of 9:21 a.m. Thai time, the Nikkei 225 in Japan gained 0.14%, and the S&P/ASX 200 in Australia added 0.46%.
South Korea’s Kospi rose 2.24% on its return to trade after a holiday Monday.
Mainland China’s Shanghai Composite remained flat.
The Hang Seng index in Hong Kong was 0.31% higher.
According to a Dow Jones survey, headline inflation in the United States is forecast to drop in August. While energy and food prices are expected to fall, core inflation is likely to rise. Inflation as measured by the headline rate is forecast to come in at 8%, down from 8.5% in July.
