Asia Market Update Live: Nikkei 225 Rebounds And KOSPI, S&P ASX Rises Over 1%
Markets in most Asia–Pacific markets were trading higher on Tuesday, as overnight gains on Wall Street supported.
South Korea’s benchmark index KOSPI and Australia’s S&P ASX 200 were trading 1.58% and 1.08% higher, respectively as of 7:37 a.m.
The Nikkei 225 rebounded in Tuesday’s session. It was trading 0.53% higher as of 7:37 a.m.
US Market Update: Dow Jones Industrial And S&P Futures Rise
US futures were trading higher on Tuesday in Asia-Pacific market hours as market participants increased bets on rate cuts as early as September from the US Federal Reserve.
In a surprise move, Fed Governor Adriana Kugler has resigned, which opened more room for new officials joining the central bank. President Donald Trump has said a number of times to replace Chair Jerome Powell while demanded rate cuts.
The Dow Jones Industrial Average and S&P 500 futures were trading 0.14% and 0.18% higher, respectively as of 7:28 a.m.
GIFT Nifty Implies Positive Open; Delta Corp, Sona BLW, Siemens Energy Shares In Focus
The GIFT Nifty was trading 0.07% or 16.50 points higher at 24,723 as of 6:37 a.m., which implied a higher open for the NSE Nifty 50 index.
Traders may keep an eye on Aurobindo Pharma Ltd., Delta Corp Ltd., Siemens Energy Ltd., and Sona BLW Precision Forgings Ltd. share prices will likely to move significantly because of the first-quarter results released Monday post market hours.
The Indian equity benchmark indices closed higher snapping a two-day slump, as Hero Moto, Tata Steel stocks led gains.
The NSE Nifty 50 ended 157 points, or 0.64% up at 24,722, and the 30-stock BSE Sensex ended 418 points, or 0.52% higher at 81,018. The NSE Nifty Bank closed flat at 55,619.
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