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Asia-Pacific markets open upper as Dow reaches new highs; Japan industry misses

Asia-Pacific markets open upper as Dow reaches new highs; Japan industry misses
October 17, 2024



A flag of Japan flies close to shipment packing containers at Tokyo’s Odaiba Waterfront on August 6, 2020.BEHROUZ MEHRI | Contributor | Getty ImagesAsia-Pacific markets opened upper on Tuesday, following positive factors on Wall Side road that noticed the Dow Jones Commercial Reasonable achieve a report shut amid a powerful begin to the profits season.Buyers in Asia will asses industry knowledge out of Japan within the morning and process numbers out of Australia set for liberate later within the day.Japan’s Nikkei 225 used to be flat in early buying and selling, whilst the broad-based Topix used to be up 0.34%.Japan’s exports fell 1.7% in September in comparison to the similar duration remaining 12 months, sudden economists polled through Reuters who anticipated a nil.5% enlargement price. It is the first time that exports gotten smaller this 12 months and used to be down sharply from a revised enlargement price of five.5% in August. September’s import enlargement got here in at 2.1% additionally lacking expectancies of economists who anticipated enlargement of three.2%. The determine used to be down from August’s enlargement of two.3%.Australia’s S&P/ASX 200 rose 0.8% in early buying and selling.Australia’s unemployment price for the month of September is anticipated to stay unchanged from August at 4.2%.South Korea’s Kospi used to be buying and selling up 0.1%, whilst the small-cap Kosdaq used to be down 0.25%.Hong Kong Hold Seng index futures had been at 20,482, upper than the HSI’s remaining shut of 20,286.85.Taiwan Semiconductor Production Corporate is about to document profits later Thursday. TSMC’s effects shall be in center of attention after deficient gross sales forecasts from Dutch semiconductor apparatus maker ASML drove down international chip shares.In a single day within the U.S., the Dow Jones won 337.28 issues, or 0.79%, to ended at 43,077.70.The S&P 500 added 0.47% to five,842.47, whilst the Nasdaq Composite jumped 0.28% to near at 18,367.08.— CNBC’s Lisa Kailai Han and Jesse Pound contributed to this document.

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