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An aerial view of the central business district and Sydney Opera House on February 17, 2023.
David Gray | Getty Images News | Getty Images
Asia-Pacific markets climbed even as U.S. Treasury yields put pressure on Wall Street equities Monday.
On Tuesday, investors in Asia will observe business confidence surveys from Australia and consumer confidence data from Japan.
In Australia, the S&P/ASX 200 started the day up 0.29%, rebounding from Monday’s losses.
Japan’s Nikkei 225 also climbed 0.67%, while the broad based Topix gained 0.63%.
South Korea’s Kospi rose 0.61%, extending gains from Monday, while the small-cap Kosdaq rebounded 0.59%.
Futures for Hong Kong’s Hang Seng index stood at 16,831, pointing to a weaker open compared to the HSI’s close of 16,732.85.
Overnight in the U.S., all three major indexes remained largely range bound, with investors awaiting the consumer price index report out on Wednesday to gauge the U.S. Federal Reserve’s rate cut path.
The Dow Jones Industrial Average inched lower by 0.03%, while the S&P 500 ticked down by 0.04%. Meanwhile, the Nasdaq Composite closed marginally higher by 0.03%.
Treasury yields rose, with the rate on the benchmark 10-year Treasury note up about 4 basis points to 4.42%.
— CNBC’s Hakyung Kim and Yun Li contributed to this report.
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