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Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets opened higher as investors assess key economic data out from Japan on Friday.
The world’s third largest economy saw its core inflation rate rise to 2.9% in October, higher than the 2.8% seen in September. The headline inflation rate for October came in at 3.3%, accelerating from the 3% seen in from the month before.
The country will also expect flash estimates for its November factory activity from the au Jibun bank.
Japan’s Nikkei 225 climbed upon its return from a public holiday, gaining 0.87%, while the Topix advanced 0.67%.
In Australia, the S&P/ASX 200 started the day up 0.27%. South Korea’s Kospi inched up 0.2% and the small cap Kosdaq rose 0.3%.
In contrast, futures for Hong Kong’s Hang Seng index stood at 17,858, pointing to a weaker open compared with the HSI’s close of 17,910.84.
U.S. markets were closed for Thanksgiving on Thursday, but will come back for a half day of trading on Friday.
Futures tied to the three major indexes were all up marginally, with futures for the Dow Jones Industrial Average 0.09% higher.
Meanwhile, S&P 500 futures climbed 0.08%, and the Nasdaq Composite futures gained 0.1%.
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