MLB Store in Myeongdong shopping district on Saturday, March 9, 2024 in Seoul, South Korea.
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Investors assessed a mixed opening for Asia-Pacific markets on Tuesday South Korea August inflation datathe year-on-year ratio fell to the lowest level since March 2021.
The country’s consumer price index rose 2% year-on-year, down from 2.6% in July, in line with expectations in a Reuters poll of economists.
On a month-on-month basis, CPI rose by 0.4%, slightly higher than the 0.3% expected in a Reuters survey.
Japanese Nikkei 225 Index Futures showed a stronger market opening, with the Chicago futures contract at 38,740 points and the Osaka futures contract at 38,740 points, compared with the previous closing price of 38,700.87 points.
In comparison, mainland China’s CSI 300 Index futures were at 3,265.4 points, basically the same as the previous closing price of 3,265 points. The CSI 300 index hit a seven-month low on Monday, dragged down by real estate stocks.
Australia’s S&P/ASX 200 index futures were at 8,074 points, slightly lower than the previous closing point of 8,109.9 points.
Hong Kong Hang Seng Index futures were at 17,671 points, lower than the Hang Seng Index’s last closing point of 17,691.97 points.
U.S. markets were closed Monday due to the Labor Day holiday. Futures tied to the three major stock indexes fell ahead of Tuesday’s trading. The blue-chip Dow Jones Industrial Average fell 57 points, or 0.14%. S&P 500 futures fell 0.12% and Nasdaq 100 futures fell 0.26%.
—CNBC’s Lisa Kailai Han and Sarah Min contributed to this report.
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