A view of the city from the Azabudai Hills Mori JP Tower in the Minato district of Tokyo, Japan on November 24, 2023.
Ahmet Furkan | Anadolu | Getty Images
Asia-Pacific markets rose across the board, with Japan significantly extending its record rally ahead of US inflation data for December.
Country benchmark Nikkei 225 it jumped 1.88% in open trading, briefly breaching the 35,000 mark for the first time since February 1990 before falling below that level. The Topix also gained 1.49% to hit new 33-year highs.
South Korea Kospi rose 0.17%, while small-cap Kosdaq gained 0.72%.
Investors in Asia will be keeping an eye on the Bank of Korea to announce its rate decision. Economists polled by Reuters expect the bank to hold its key interest rate at 3.5% for the eighth straight meeting.
In Australia, S&P/ASX 200 started the day 0.42% higher, rebounding from Wednesday’s losses and ahead of the country’s November trade data.
Hong Kong’s Hang Seng index futures were at 16,150, also pointing to a stronger open compared to the HSI’s close of 16,097.28.
Overnight in the US, all three major indices rose as traders awaited the release of fresh data on US inflation and earnings.
Investors will also be watching the US Consumer Price Index report due out on Thursday. Economists polled by Dow Jones expect CPI to rise 3.2% year-on-year in December. The producer price index is due to be released on Friday.
The S&P 500 added 0.57%, while the Dow Jones Industrial Average added 0.45%. The tech-heavy Nasdaq Composite advanced 0.75% to settle at 14,969.65.
— CNBC’s Sarah Min and Alex Harring contributed to this report