Market Overview

Asia-Pacific markets experienced a predominantly positive trading session on Tuesday, buoyed by the latest Purchasing Managers' Index (PMI) data from key economies including Australia, Japan, and China. This uptick reflects growing investor confidence in the region's economic recovery.

Key Performances

Notably, Australia's S&P/ASX 200 climbed 1.04%, while South Korea's Kospi Composite saw a significant rise of 1.42%. Despite a slight dip of 0.17% in Hong Kong's Hang Seng, the Chinese mainland markets, represented by the Shanghai and Shenzhen Composites, posted gains of 0.34% and 0.32%, respectively. Japan's Nikkei 225 also enjoyed an upward trend, increasing by 0.60%.

Currency and Inflation Updates

The dollar remained stable against the yen, trading at ¥147.1275. In other economic news, South Korea's inflation rate was reported at 2.1% for July, indicating a slight decrease from the previous month.