Asian markets tiptoed into Tuesday’s session, with a cautiously optimistic mood, and most benchmarks edged slightly higher, building on Wall Street’s tech-fueled surge and brightening hopes for the region’s pivotal export sectors.
Investors remain mindful of looming headwinds: China’s internal struggles and a heavy monsoon of regulatory news.
But for now, the rally in artificial intelligence stocks is still providing some pep, with gold touching new peaks and traders eyeing local corporate cues.
Asian markets: Nikkei 225 and KOSPI 100
Japan’s Nikkei 225 sat out the day’s action due to a national holiday, but recent momentum, driven by outsized gains in robotics and semiconductor shares, has kept Tokyo front and center in investor chatter.
The index last closed just above 45,000, and opened 1% higher on Tuesday amid global tech outperformance.
In Korea, the KOSPI 100 stepped higher by 0.69% at the open, with local giants Samsung and SK Hynix capitalizing on demand for next-generation chips and AI hardware.
The smaller Kosdaq posted modest gains as well, and sentiment was buoyed by upbeat US cues and a brighter outlook for exports.
Australia’s ASX/S&P 200 flashed resilience, rising 0.57% in early trade.
Banks and miners held firm on stronger commodity prices, while some mild profit-taking in tech shares capped broader gains.
Investors are watching inflation data due later this week, with market watchers setting a cautiously constructive tone: The reflation play is on, provided external shocks don’t interrupt the rhythm.
Hang Seng, CSI 300 and the Indian market hopes
In Hong Kong, Hang Seng started trading at 26,186.85, down 0.60% from the last close of 26,344, as traders remain wary about the impact of Super Typhoon Ragasa, likely to disrupt the city by midweek.
Broader sentiment is finding support in a technical rebound for property heavyweights and select financials, though short-term volatility could spike if weather or mainland data delivers nasty surprises.
China’s CSI 300 kicked off flat, with investors torn between stimulus hopes and sluggish domestic growth signals.
Market sentiment is steadily improving after last week’s turbulence, as Beijing’s regulatory tweaks and hints of policy easing filter through.
Turning to India, early signals from GIFT Nifty suggest another flat to slightly higher open for Sensex and Nifty 50.
Yesterday’s selloff in Indian tech stocks, spooked by fresh US visa fees, has left traders edgy, but the market’s fundamental undertone is still constructive.
Analysts expect the benchmarks could stabilize if global cues remain upbeat, especially if foreign fund flows and local consumption trends perk up through the week.
All eyes are now on corporate earnings and monetary policy signals as the region tries to sustain this delicate rally.
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