Global equity markets posted gains overnight as softer-than-expected US inflation data bolstered expectations that the Federal Reserve will adopt a more dovish stance.
The cooling price pressures in the US provided a tailwind for risk assets, with US stocks closing higher and Asian markets following suit in early trading.
26% higher on Tuesday, extending a positive momentum shift across the region.
The Kospi in South Korea opened 0.26% higher on Tuesday, extending a positive momentum shift across the region.
The modest advance was driven by a combination of overnight gains in US equities and a noticeable cooling of geopolitical risk premiums in some sectors.
Investors are increasingly pricing in a path for rate cuts as inflation data comes in below consensus estimates.
In contrast, Indian benchmark indices are set for a subdued opening on Wednesday.