TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and 28. (Photo by Tomohiro Ohsumi\/Getty Images)<\/p>\n
Tomohiro Ohsumi | Getty Images News | Getty Images<\/p>\n
Japan’s benchmark Nikkei 225<\/a> rose more than 1% to a fresh record at 49,739.76, after closing at an all-time high Monday<\/a>. The Topix also added 0.48% to hit a record high.<\/p>\n Broader Asia-Pacific markets also opened higher, tracking Wall Street gains led by a rally in Apple<\/a> shares.<\/p>\n Investors await Japan’s parliamentary vote, which is likely to see Sanae Takaichi become the country’s next prime minister, after the right-wing opposition Japan Innovation Party said Monday it was ready to back her premiership.<\/p>\n Australia’s ASX\/S&P 200 rose 0.50%. Shares of the country’s rare earth companies rose after Prime Minister Anthony Albanese and U.S. President Donald Trump signed<\/a> a critical minerals agreement Tuesday, aimed at countering China’s dominance.<\/p>\n Australia’s Lynas Rare Earths added 3.8%, Iluka Resources jumped nearly 6%, Pilbara Minerals rose 4.7%. VHM skyrocketed over 30%, while Northern Minerals soared nearly 15%.<\/p>\n South Korea’s Kospi index jumped 1.57%, while the small-cap Kosdaq gained 0.52%.<\/p>\n Futures for Hong Kong’s Hang Seng Index<\/a> pointed to a higher open, trading at 26,232, against the index’s previous close of 25,858.83.<\/p>\n Indian markets are closed for a holiday.<\/p>\n U.S. equity futures were little changed in early Asian hours, ahead of a busy earnings week from big-name companies and inflation data.<\/p>\n Overnight, the three key benchmarks in the U.S. rose on a rally in Apple shares after Loop Capital upgraded<\/a> it to buy from hold.<\/p>\n \u00a0The Dow Jones Industrial Average<\/a>\u00a0closed 515.97 points, or 1.12%, higher at 46,706.58. The\u00a0S&P 500<\/a>\u00a0also climbed 1.07% to settle at 6,735.13, while the\u00a0Nasdaq Composite<\/a>\u00a0advanced 1.37% to settle at 22,990.54.<\/p>\n \u2014 CNBC’s Sean Conlon and Pia Singh contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in…\n","protected":false},"author":3,"featured_media":319907,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[4960,8000,133,64,81,11764,8708,7994,267,135,7997,67,132,68,27231,7999],"class_list":{"0":"post-319906","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-apple-inc","9":"tag-asia-economy","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-central-banking","14":"tag-currency-markets","15":"tag-hang-seng-index","16":"tag-interest-rates","17":"tag-markets","18":"tag-nikkei-225-index","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us","22":"tag-world-economy","23":"tag-world-markets"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115409455487891710","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/319906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=319906"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/319906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/319907"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=319906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=319906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=319906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}