Asia markets to open mixed even as Wall Street notches fresh records

Asia markets to open mixed even as Wall Street notches fresh records


The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022.

Steven Saphore | Anadolu Agency | Getty Images

Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records.

Traders in Asia will assesses monthly consumer price index figures out of Australia, set to be released later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September.

Australia’s S&P/ASX 200 was trading up 0.5%.

Japan’s Nikkei 225 opened to trade down 0.35%, while the broad-based Topix dropped 0.5%.

The South Korean blue-chip Kospi index was down 0.4% at open, while small-cap Kosdaq dropped 0.65%.

Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI’s last close of 19,159.2.

In the U.S. on Tuesday, the blue-chip Dow advanced 123.74 points, or 0.28%, to a record close of 44,860.31, while the S&P 500 added 0.57% to a record 6,021.63. The Nasdaq Composite jumped 0.63% to 19,174.30.

The strong performance came after U.S. President-elect Donald Trump called for a 25% tariff on products from Mexico and Canada, as well as an additional 10% levy on Chinese goods.

He has already said he would impose a tariff of up to 20% on all imports, and an additional duty of at least 60% on products from China.

According to one market analyst that spoke to CNBC, market participants appeared to look past Trump’s announcement as they either expect the taxes to not actually come to fruition, or they have already been priced in by traders.

— CNBC’s Samantha Subin and Alex Harring contributed to this report.



Source

China’s biggest public AI drop since DeepSeek, Baidu’s open source Ernie, is about to hit the market
World

China’s biggest public AI drop since DeepSeek, Baidu’s open source Ernie, is about to hit the market

ZHEJIANG, CHINA – MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu. Long Wei | Future Publishing | Getty Images On Monday, Chinese technology giant Baidu plans to make its Ernie generative AI large language model open source, a move by China’s tech […]

Read More
Op-ed: It’s time for U.S. to treat rare earth metals as instruments of geopolitical power. China already does
World

Op-ed: It’s time for U.S. to treat rare earth metals as instruments of geopolitical power. China already does

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China. China Stringer Network | Reuters In April 2025, China imposed new export controls on seven rare earth elements and the permanent magnets derived from them — materials that form the foundation of modern life and modern warfare. […]

Read More
I’m a psychologist who studies couples—people who are miserable in their relationships say ‘no’ to these 4 questions
World

I’m a psychologist who studies couples—people who are miserable in their relationships say ‘no’ to these 4 questions

Many of us already know the components of a healthy relationship — things like strong communication, total honesty, and unwavering commitment. But most people don’t actually know what these qualities look like in practice. As a result, couples may find themselves in a miserable situation. Even worse, they don’t recognize it due to unhealthy habits […]

Read More