Asia markets mostly rise as investors assess S&P 500′s four-day losing streak
Asia-Pacific markets mostly rose as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks.
Investors in the region are awaiting India’s HSBC Composite flash purchasing managers’ index reading for August, which provides an early snapshot of the performance of the private sector economy, expected later in the day. Economists polled by Reuters expect it to come in at 60.5, compared with 61.1 in the month before.
Japan’s Nikkei 225 was down 0.21% in early trade, while the broader Topix index ticked down 0.4%.
In South Korea, the Kospi index rose 0.81%, while the small-cap Kosdaq increased by 0.62%.
Australia’s S&P/ASX 200 benchmark started the day 0.47% higher.
Hong Kong’s Hang Seng index is slated to open flat with futures tied to the index at 25,168, compared with the HSI’s last close of 25,165.94.
Source: CNBC
