Asia markets poised for rebound after Monday’s sell off; Japan’s Tokyo inflation assessed

Asia-Pacific markets are set for a rebound after a sell off hit most of the region’s markets on Monday.

Investors assessed December inflation numbers for Japan’s capital city of Tokyo, which are a leading indicator to nationwide inflation.

Tokyo’s inflation rate slowed to 2.4%, in December from 2.6% in November. Core inflation — which strips out prices of fresh food — remained unchanged at 2.1%, and in line with expectations.

Australia will also release its November retail sales figures, which are a key consideration for the Reserve Bank of Australia when it decides on monetary policy.

The Australian S&P/ASX 200 started the day up 1.05%.

Japan’s Nikkei 225 is set to come back from a public holiday with a stronger open, with the futures contract in Chicago at 33,830 and its counterpart in Osaka at 33,410 against the index’s last close of 33,377.42.

Futures for Hong Kong’s Hang Seng index stood at 16,377, pointing to a slight rebound compared to the HSI’s close of 16,224.45.

Overnight in the U.S., all three major indexes gained, boosted by tech shares.

Shares of Nvidia rose 6.4%, reaching an all-time high, and Amazon climbed nearly 2.7% to help pull the Nasdaq higher. Separately, Alphabet shares advanced 2.3%, while Apple added 2.4% after Evercore ISI advised clients to buy last week’s dip.

The S&P 500 gained 1.41%, and the Nasdaq Composite jumped 2.2% to mark the tech-heavy index’s best day since Nov. 14.

The Dow Jones Industrial Average added 216.90 points, or 0.58%, settling at 37,683.01.

— CNBC’s Sarah Min and Pia Singh contributed to this report