Asian markets traded higher on Tuesday following an overnight rally on Wall Street ahead of the US inflation data and Federal Reserve’s policy meeting.
The Federal Open Market Committee is widely expected to keep interest rates unchanged, in the 5%-5.25% range.
Japan’s Nikkei 225 was trading 0.78% higher to hit a new 2023-high, while the Topix gained 0.61%.
South Korea’s Kospi rose 0.43% and the Kosdaq rose 0.48%. Hong Kong’s Hang Seng index futures fell by over 40 points at 19,358.
In Australia, the S&P/ASX 200 index eased 0.1% to 7,115.0.
SGX Nifty was trading 25.5 points, or 0.14%, higher at 18.724, indicating a positive start for the Indian benchmark indices.
All three major indices on Wall Street ended higher overnight ahead of the inflation data and US Fed meet.
The S&P 500 closed 40.33 points, or 0.94%, higher at 4,339.19, while the Nasdaq Composite ended 202.78 points, or 1.53%, higher at 13,461.92. The Dow Jones Industrial Average rose 190.47 points, or 0.56%, to settle at 34,067.25.
Here's the trade set-up for today.
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