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The Tokyo Tower, left, and commercial and residential buildings at night in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets mostly climbed, with South Korean stocks leading gains.
South Korea’s Kospi popped 2%, hitting a two-week high as chip giant Samsung Electronics jumped 3.77%.
Samsung‘s third-quarter profit forecast was slightly higher than analyst expectations. The Kosdaq was up 1.68%.
In Australia, the S&P/ASX 200 climbed 0.5%, extending four straight days of gains.
Japan’s Nikkei 225 rose 0.5% as investors assessed the Reuters Tankan survey, which saw business morale at large Japanese firms stay largely unchanged. The Topix however, dipped marginally.
Hong Kong’s Hang Seng index rose 1.57%, on pace to climb for a fifth straight session.
Mainland Chinese markets were also in positive territory, with the benchmark CSI 300 index was up 0.38%.
Overnight in the U.S., all three major indexes climbed as investors awaited key inflation data out of the world’s largest economy, with the producer price index and consumer price index readings for September out Wednesday and Thursday,. respectively.
The benchmark 10-year U.S. Treasury yield fell nearly 13 basis points to about 4.65%, as investors sought safe assets amid the Hamas-Israel conflict. Yields and prices move in opposite directions.
The Dow Jones Industrial Average gained 0.40%, while the S&P 500 rose 0.52%. The tech-heavy Nasdaq Composite added 0.58%.
— CNBC’s Pia Singh and Hakyung Kim contributed to this report.
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