Buildings in Auckland, Latest Zealand, on Tuesday, Sept. 13, 2022. Photographer: Fiona Goodall/Bloomberg via Getty Images
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Shares within the Asia-Pacific rose Wednesday ahead of several economic data releases within the Asia-Pacific. Latest Zealand’s central bank is expected to deliver a 75 basis point hike, in line with a Reuters poll.
The S&P/ASX 200 was up 0.87% despite the Reserve Bank of Australia governor Philip Lowe on Tuesday hinting at more rate hikes ahead. The NZX 50 index in Latest Zealand fell 0.5%.
In South Korea, the Kospi rose 0.64%, while the Kosdaq climbed 1.12%. Japanese markets are closed for a public holiday.
Singapore will release its inflation data, while Australia is predicted to post its manufacturing data. Chinese smartphone maker Xiaomi is scheduled to report earnings later within the day.
Overnight within the U.S., stocks rose on strong earnings reports as Cleveland Fed President Loretta Mester said recent inflation data is promising and that she’d support reduced rate of interest hikes going forward.
— CNBC’s Carmen Reinicke and Alex Harring contributed to this report.
