Stocks in Asia nudged higher, tracking gains in U.S. equities, as investors await the inflation report for clues on the direction of interest rates following a week that roiled global stock and bond markets.
Japan’s Topix index added 0.2 percent as of 9:18 a.m. in Tokyo, while the Nikkei 225 Stock Average added 0.2 percent. The MSCI Asia Pacific Index rose less than 0.1 percent. Japan’s benchmarks advanced after a rally fizzled on Tuesday, while stocks rose in South Korea and were little changed in Australia. S&P 500 Index futures gained after the gauge climbed for a third day. Assets seen as safe havens held onto gains as volatility lingers, albeit down from the extremely elevated levels reached last week. The yen held onto gains despite disappointing growth figures and oil extended a decline.
Source : Bloomberg