Asia-Pacific stocks rise as investors look to China's trade data for September ahead

  • Chinese trade figures for September are expected to be released on Tuesday.
  • Shares of Apple suppliers in Asia-Pacific were also watched after the Cupertino-based tech giant saw its stock stateside soar on Monday.

SINGAPORE — Stocks in Asia-Pacific edged higher in Tuesday morning trade as investors await the release of Chinese trade data for September.

In Japan, the Nikkei 225 rose 0.24% in early trade while the Topix index gained 0.33%. South Korea's Kospi advanced 0.35%.

Shares in Australia also advanced, as the S&P/ASX 200 gained about 1%.

MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.11% higher.

On the economic data front, Chinese trade figures for September are expected to be released on Tuesday.

Shares of Apple suppliers in Asia-Pacific were higher in Tuesday morning trade. In Japan, shares of Murata Manufacturing gained 0.83% while Taiyo Yuden added 0.84%. South Korea's LG Display also gained 0.94%.

The moves came after also be watched after Apple's stock stateside soared on Monday. The Cupertino-based tech giant is expected to reveal its new iPhone lineup this week.

Overnight stateside, the Dow Jones Industrial Average rose 250.62 points, or 0.9%, to close at 28,837.52. The S&P 500 added 1.6% to end its trading day at 3,534.22 while the Nasdaq Composite jumped 2.6% to close at 11,876.26.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.042 following its decline last week from levels above 93.6.

The Japanese yen traded 105.34 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7194, still above levels below $0.715 seen last week.

Oil prices were higher in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.17% to $41.79 per barrel. U.S. crude futures rose 0.2% to $39.51 per barrel.

What's on tap:

  • China: Trade data for September

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