Trump inauguration, South Korea PPI

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Trump inauguration, South Korea PPI

The Seoul skyline.

Mongkol Chuewong | Moment | Getty Images

Asia-Pacific markets mostly rose Tuesday, as investors awaited greater clarity on policies of U.S. President Donald Trump following his inauguration.

Australia’s S&P/ASX 200 advanced 0.66% to end the day at 8,402.40.

In Japan, the benchmark Nikkei 225 closed up 0.32% at 39,027.98, while the Topix edged up 0.08% in choppy trade to end the day at 2,713.50.

South Korea’s Kospi closed down 0.08% at 2,518.03, while the Kosdaq declined 0.22% to close at 726.07.

Hong Kong’s Hang Seng index was up 1.02% in its last hour of trade. Mainland China’s CSI 300 Index rose 0.08% to end the day at 3,832.61.

Several central banks in Asia will be convening later this week. Malaysia’s central bank is expected to keep its policy rate steady at 3% on Wednesday. The Bank of Japan is holding its next policy meeting from Jan. 23 to Jan 24 — BOJ Governor Kazuo Ueda has signaled intentions to hike rates. Singapore’s Monetary Authority of Singapore will be meeting on Friday.

Over in the U.S. markets were closed due to the Martin Luther King Jr. public holiday.

U.S. stock futures were higher after Trump’s swearing in and his promise of a new “golden age” for the U.S. He also issued a slew of executive orders, which notably did not include tariffs.

Futures tied to the S&P 500 gained 0.5%, while Nasdaq 100 futures ticked up 0.6%. Dow Jones Industrial Average futures advanced 221 points, or 0.5%. 

— CNBC’s Brian Evans contributed to this report.

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#Trump #inauguration #South #Korea #PPI

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