Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea
Mongkol Chuewong | Moment | Getty Images
Asia-Pacific markets rose Tuesday, as investors awaited greater clarity on policies of U.S. President Donald Trump following his inauguration.
Australia’s S&P/ASX 200 advanced 0.68%.
In Japan, the benchmark Nikkei 225 was up 0.15%, while the Topix was flat in choppy trade.
South Korea’s Kospi was up 0.17%, while the Kosdaq declined 0.32%.
Hong Kong’s Hang Seng index gained 1.12%. Mainland China’s CSI300 Index reversed losses to gain 0.39%.
Several central banks in Asia will be convening later this week. Malaysia’s central bank is expected to keep its policy rate steady at 3% on Wednesday. The Bank of Japan is holding its next policy meeting from Jan. 23 to Jan 24 — BOJ Governor Kazuo Ueda has signaled intentions to hike rates. Singapore’s Monetary Authority of Singapore will be meeting on Friday.
Over in the U.S. markets were closed due to the Martin Luther King Jr. public holiday.
U.S. stock futures were higher after Trump’s swearing in and his promise of a new “golden age” for the U.S. He also issued a slew of executive orders, which notably did not include tariffs.
Futures tied to the S&P 500 gained 0.5%, while Nasdaq 100 futures ticked up 0.6%. Dow Jones Industrial Average futures advanced 221 points, or 0.5%.
— CNBC’s Brian Evans contributed to this report.
