Asia-Pacific markets set to gain as investors weigh Russia-Ukraine conflict
SINGAPORE — Asia-Pacific markets are set to rise on Tuesday as investors navigate the changing situation in Russia and Ukraine.
Japan’s Nikkei 225 futures in Osaka pointed to a higher open of 26,640, up 0.3%, and futures listed in Chicago were up 0.39% at 26,755.
The S&P/ASX 200 in Australia was up nearly 1% in early trade. The Reserve Bank of Australia is set to meet on Tuesday, but is only expected to raise rates in the third quarter, according to a Reuters poll.
Elsewhere, South Korea markets are closed for a holiday on Monday.
On the earnings front, Chinese tech giant Baidu is expected to announce its fourth-quarter results late in Asia.
China’s official manufacturing Purchasing Managers’ Index (PMI) and Caixin/Markit Manufacturing PMI will also be released Tuesday.