Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs

Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs


The port at Busan, South Korea, in 2020. South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond.

SeongJoon Cho | Bloomberg | Getty Images

Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500Nasdaq Composite reach new record highs.

Investors assessed trade data out of South Korea, which showed a trade surplus of $6.6 billion in September, the same as the prior month.

South Korea’s Kospi opened 0.4% higher, while the small-cap Kosdaq was up 0.75%.

Australia’s S&P/ASX 200 rose 0.68% in early trading.

Japan’s Nikkei 225 opened 1.2% higher, while the broad-based Topix rose 0.9%.

Hong Kong’s Hang Seng index futures were at 21,115, higher than the HSI’s last close of 21,092.87.

On Wall Street, the broad market S&P climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22, ending the session above the 43,000 mark for the first time.

The Nasdaq Composite added 0.87%, closing at 18,502.69.

— CNBC’s Yun Li and Lisa Kailai Han contributed to this report.



Source

Trump puts Russia on notice over Ukraine as two leaders prepare to meet
World

Trump puts Russia on notice over Ukraine as two leaders prepare to meet

Russian President Vladimir Putin watches with binoculars the Tsentr-2019 military exercise at the Donguz range near Orenburg city on September 20, 2019. Alexey Nikolsky | Afp | Getty Images Russia was an indirect beneficiary of the war in Gaza in that it distracted the U.S. and other Western countries from its ongoing war in Ukraine. […]

Read More
Credit concerns reach European markets as bank stocks slide 2.8%
World

Credit concerns reach European markets as bank stocks slide 2.8%

European markets traded firmly in the red on Friday morning as concerns over the banking sector reached the region. The Pan-European Stoxx 600 was 1.5% lower at 8:26 a.m. in London (3:26 a.m. ET), with all major indexes and sectors in negative territory. The U.K.’s FTSE index was 1.5% lower, France’s CAC 40 was down […]

Read More
Luxury stocks just boomed — here’s how investment banks are playing the sector
World

Luxury stocks just boomed — here’s how investment banks are playing the sector

Luxury stocks surged this week after French luxury conglomerate LVMH — a bellwether for the sector — posted a surprise return to growth for the third quarter, putting Europe’s high-end firms on course to continue a multi-year rally. The sector has boomed in recent years, but stagnating sales, price rises , and renewed trade tensions […]

Read More