The windows of a restaurant at The Peak are taped off in Hong Kong on August 24, 2022, as the Hong Kong Observatory issued Typhoon Signal No. 8 released in the morning. HKEX canceled its morning session in line with the T8 release. (Photo by Isaac Lawrence/AFP) (Photo by Isaac Lawrence/AFP via Getty Images)
Isaac Lawrence | Afp | Good pictures
Asia-Pacific markets traded higher ahead of the start of the Jackson Hole Symposium in the US, while Hong Kong’s session resumed in the afternoon after trading was halted in the morning due to a typhoon warning.
In South Korea, the Cosby The Kosdaq rose 0.92% and rose 1.44% after Bank of Korea raised its key interest rate by 25 basis points.
U.S. stock futures edged higher after all three major averages finished higher during the daily trading session as investors awaited more clarity on the Federal Reserve’s fight against inflation.
Dow Jones Industrial Average futures rose 75 points, or 0.22%. S&P 500 and Nasdaq 100 futures rose 0.36% and 0.35%, respectively.
Among currencies, the US dollar rose to 109.11 overnight and fell to 108.6.
“Expectations of bad news from FOMC Chair Powell in Jackson Hole will increase pressure on the USD ahead of his speech on Friday,” Christina Clifton, senior economist and currency strategist at Commonwealth Bank of Australia, said in a statement.
Hong Kong will report July trade data later this afternoon.