People visit the Kartavia Trail in the evening on Tuesday, April 18, 2023, in New Delhi, India. According to United Nations data released on April 19, India has surpassed China to become the world’s most populous country.Photographer: Prashanth Vishwanathan/Bloomberg Getty Images
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Asia-Pacific markets rebounded after a sell-off in the previous session as investors digested comments from Federal Reserve Chairman Jerome Powell.
Powell said it would take policymakers some time to assess current inflation conditions, leaving the timing of potential rate cuts uncertain.
In Asia, investors will assess India’s services sector activity data for March as well as Hong Kong’s retail sales data.
Markets in Hong Kong, China and Taiwan were closed for public holidays.
In Australia, S&P/ASX 200 Index The stock rose 0.49% after two days of losses.
Japan’s Nikkei 225 Index was up 1.34%, hovering near 40,000, while the Topix gained 1.05%
Korean Cospi It also rose 1.22%, with strong momentum as expected Heavyweight Samsung Electronics Co.’s first-quarter profit will be nearly nine times higher than the same period last year. Samsung shares opened up 1.55%.
Overnight in America, Dow Jones Industrial Average It fell 0.11%, falling for the third consecutive trading day.this S&P 500 Index In the first rising trading day this week, it rose slightly by 0.11%. Nasdaq Index Trading volume rose 0.23%.
—CNBC’s Sarah Min and Alex Harring contributed to this report
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