Asia-Pac markets opened mostly green today, riding the momentum from Wall Street's strong close. U.S. equities got a lift from solid earnings and cooling rate hike expectations after CPI came in as expected.
ASX 200 -0.2%
Nikkei 225 +1.8%
KOSPI +4.4%
The inline inflation print is doing the heavy lifting here—traders are dialing back Fed hawkishness, and risk appetite is flowing back into equities. KOSPI's 4%+ surge stands out, likely catching up after recent weakness. Meanwhile, Australia's slight dip suggests local factors at play, possibly commodity-related or profit-taking.
Keep an eye on how this momentum carries into U.S. pre-market. If futures hold steady, we could see continued upside as the week progresses.
ASX 200 -0.2%
Nikkei 225 +1.8%
KOSPI +4.4%
The inline inflation print is doing the heavy lifting here—traders are dialing back Fed hawkishness, and risk appetite is flowing back into equities. KOSPI's 4%+ surge stands out, likely catching up after recent weakness. Meanwhile, Australia's slight dip suggests local factors at play, possibly commodity-related or profit-taking.
Keep an eye on how this momentum carries into U.S. pre-market. If futures hold steady, we could see continued upside as the week progresses.