A block of industrial factories sits among newer apartment buildings along a canal in Tokyo, Japan.
Photo By Michael Russell | Moment | Getty Images
Asia-Pacific markets opened higher on Wednesday, after U.S. Federal Reserve Chair Jerome Powell noted progress on inflation, but reiterated patience on cutting rates at a central banking forum.
Traders in Asia await June business activity data from India, Japan and China which is set for release later in the day.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | NIKKEI | 40,343.67 | +268.98 | +0.67% |
| .HSI | Hang Seng Index | HSI | 17,769.14 | UNCH | UNCH |
| .AXJO | S&P/ASX 200 | ASX 200 | 7,734.00 | +15.80 | +0.20% |
| .SSEC | Shanghai | SHANGHAI | 2,997.01 | UNCH | UNCH |
| .KS11 | KOSPI Index | KOSPI | 2,792.92 | +12.06 | +0.43% |
| .FTFCNBCA | CNBC 100 ASIA IDX | CNBC 100 | 9,916.45 | +8.20 | +0.08% |
Japan’s Nikkei 225 was up 0.45% extending its run above the 40,000 mark, while the broad-based Topix was up 0.11%.
South Korea’s Kospi started the morning up 0.50%, while the Kosdaq Index rose 0.8%.
Australia’s S&P/ASX 200 opened up 0.17% in early trade.
Hong Kong Hang Seng index futures were at 17,764, lower than the HSI’s last close of 17,769.14.
Overnight in the U.S., the Dow Jones Industrial Average gained 0.41%, the S&P 500 gained 0.62%, and the Nasdaq Composite jumped 0.84%. Both the Nasdaq and the S&P 500 hit record high closes.
Tesla shares helped lift the S&P 500 after Elon Musk’s electric vehicle company beat expected deliveries for the second quarter.
—CNBC’s Pia Singh and Sarah Min contributed to this report.
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