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Asia-Pacific stocks rise ahead of key U.S. inflation data

Women dress in graduation gowns at the West Kowloon Cultural District in front of the Hong Kong Skyline in Hong Kong (Photo by Vernon Yuen/NurPhoto via Getty Images)

Nurphoto | Nurphoto | Getty Images

Asia-Pacific markets rose as investors looked ahead to key U.S. consumer inflation data, which will inform the Federal Reserve’s rate decision in its policy meeting beginning Oct. 31.

In Australia, the S&P/ASX 200 added 0.31%.

In Japan, the Nikkei 225 opened 1% higher, with shares of Uniqlo-owner Fast Retailing up nearly 1% ahead of its full-year earnings report due later in the day.

South Korea’s Kospi rose 0.75% at the opening bell, holding near two-week highs.

Hong Kong’s Hang Seng index look set to climb with futures at 18,137 compared with the HSI’s close of 17,893.1.

Overnight in the U.S., all three major indexes closed in the green. The Dow Jones Industrial Average climbed 0.19%, or 65.57 points, to close at 33,804.87. The S&P 500 gained 0.43%, ending at 4,376.95. The Nasdaq Composite added 0.71% to close at 13,659.68.

Economists surveyed by Dow Jones are forecasting a 0.3% month-over-month increase for the upcoming U.S. inflation data, and a 3.6% rise from the prior year.

— CNBC’s Pia Singh, Samantha Subin and Hakyung Kim added to this report.

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