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Mt. Fuji and Tokyo skyline, Japan.
Jackyenjoyphotography | Moment | Getty Images
Asia-Pacific markets were higher on Tuesday as investors digested key economic data across the region.
In Japan, the Nikkei 225 was up 0.54%, while the Topix opened 0.37% higher as retail sales for January beat expectations, with a 6.3% rise compared to the same period a year ago.
In Australia, the S&P/ASX 200 rose 0.57% ahead of its January retail sales data release. Economists expect retail sales to come in at 1.5% higher compared to December.
South Korea’s Kospi gained 0.71%, while the Kosdaq rose 0.49%.
India will release its gross domestic product for the fourth quarter of 2022 later today, forecasted to show a 4.6% rise.
Overnight in the US, stocks rose on Monday night as traders tried to recover some ground following the worst week of the year on Wall Street. All three major US indexes closed higher, with the Nasdaq Composite leading gains.
— CNBC’s Tanaya Macheel contributed to this report
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