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 2.62% on its return to trade after a holiday Monday – led by Samsung Electronics which advanced 4.5% and SK Hynix that rose 3.87%.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.72%.
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.