Traders in Asia will watch out for Australia's business confidence data due later in the day after its consumer sentiment index dipped.
Traders in Asia will watch out for Australia 's business confidence data due later in the day after its consumer sentiment index dipped.
Investors are also looking forward to the upcoming release of the U.S. consumer price index on Thursday to gauge the path of the Federal Reserve's interest rate decisions.climbed 0.3% as shares of heavyweight Samsung Electronics gained 0.57%, even as the company's largest union continued its three-day strike as it seeks better pay. Hyundai on the other handHong Kong's Hang Seng index futures were at 17,534, higher than the HSI's last close of 17,524.06.
Chinese electric vehicle giant BYD is set to invest $1 billion in Turkey to open a plant with an annual capacity of 150,000 vehicles, "The facility, which is planned to start production at the end of 2026, will directly employ up to 5,000 people," he said on social media platform X. Last week,added 0.65%, even as the country's consumer sentiment for July came in at -1.1% compared to 1.7% in the previous month. Traders in Asia will also watch out for Australia's business confidence data due later in the day.
Investors are also looking forward to the upcoming release of the U.S. consumer price index on Thursday for hints on the Federal Reserve's interest rate decision. Meanwhile, China's inflation data on Wednesday will provide insights on the state of the country's economic recovery.and Nasdaq closed at record highs. Earnings from some major financial giants and consumer companies are also on traders' watchlists this week.
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