A man looks at an electronic quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on August 2, 2022.
Kazuhiro Nogi | AFP | Getty Images
Asia-Pacific markets were higher on Tuesday as investors look ahead to the U.S. inflation report for the month of August.
South Korea’s Kospi rose 2.14% on its return to trade after a holiday Monday, and the Kosdaq jumped 2.09%.
The Hang Seng index in Hong Kong was little changed in early trade. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.51%.
Headline inflation in the U.S. is expected to decline in August, according to a Dow Jones survey. But core inflation, excluding energy and food, is projected to rise. Headline CPI is expected to come in at 8%, compared with 8.5% in July.
— CNBC’s Jesse Pound, Carmen Reinicke and Patti Domm contributed to this report.
CNBC Pro: Forget oil — coal is hot right now. Here are 2 stocks to play it, according to the pros
Coal mining in Wyoming.
Brian Brainerd | The Denver Post | Getty Images
Coal prices are at record highs and market watchers see prices going even higher as a global energy crisis looms.
“It’s almost like any or all companies are a buy,” analyst Peter O’Conner said of the booming coal sector, and reveals his favorite stock.
— Zavier Ong
Bucket Studio Co., which holds a stake in a private company that represents “Squid Game” lead actor Lee Jung-jae, jumped more than 10% as the show eyed a historic victory in the drama series race.
The company’s shares jumped more than 20% immediately after Netflix in June posted a letter from the director, Hwang Dong-hyuk, announcing the series will return with a second season.
Other content-related stocks CJ ENM and CJ CGV were also up more than 2.5% in the morning session, and Showbox rose 1.5%.
CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites
Real estate investment trusts — or REITs — are coming back to the spotlight after a volatile year for many asset classes.
Analysts from Morgan Stanley and Citi highlight REITs from two sectors that they say could outperform the wider market, and remain resilient in a recession.
— Weizhen Tan