Japan parliamentary vote, Australia rare earth shares increase
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara neighborhood on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index rose 3.3% in June, beating the US figure for the first time in eight years, as the Bank of Japan held its monetary policy meeting on July 27 and 28. (Photo by Tomohiro Ohsumi/Getty Images)
Asia-Pacific markets were poised to open higher on Tuesday, led by a rally tracking gains on Wall Street. apple shares
Japan’s benchmark Nikki 225 The index was set for a higher open, with its futures contract trading at 49,855 in Chicago and 49,610 in Osaka, versus the index’s Monday close of 49,185.5.
Investors are awaiting Japan’s parliamentary vote, which could make Sane Takaichi the country’s next prime minister, after the right-wing opposition Japan Innovation Party said Monday it was ready to back her prime ministerial bid.
Australia’s ASX/S&P 200 rose 0.50%. Shares of rare earth companies in the country rose after Prime Minister Anthony Albanese and US President Donald Trump Signed A significant mineral deal on Tuesday aimed at countering China’s dominance.
Australia’s Lynas Rare Earths rose 3.8%, Iluka Resources almost 6%, Pilbara Minerals 4.7%. VHM rose more than 30%, while Northern Minerals rose almost 15%.
The future of Hong Kong Hang Seng Index The index pointed to a higher open, trading at 26,232 against its previous close of 25,858.83.
Indian markets are closed for the holidays.
US equity futures were little changed in early Asian hours, ahead of a busy earnings week from big-name firms and inflation data.
Overnight, three major US benchmarks rose on the back of a rally in Apple shares after Loop Capital. Upgraded To buy it from hold.
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