Asia-Pacific markets climb after Wall Street gains on EU tariff delay

Asia-Pacific markets climb after Wall Street gains on EU tariff delay


A HDR evening shot taken at sunset of the Tokyo skyline.

Fgm | E+ | Getty Images

Asia-Pacific markets climbed Wednesday, tracking Wall Street gains on investor optimism after U.S. President Donald Trump extended the deadline for a 50% tariff on European Union imports until July 9.

Japan’s benchmark Nikkei 225 rose 1.06%, while the Topix added 0.88%. South Korea’s Kospi rose 0.65% and the small-cap Kosdaq Index advanced 0.53%.

Australia’s S&P/ASX 200 rose 0.21%.

Hong Kong markets are poised to slip slightly with futures tied to the Hang Seng index at 23,328, compared to the benchmark’s last close of 23,381.99.

Australia is set to report its consumer price index later in the day, and the Reserve Bank of New Zealand is stipulated to release its monetary policy statement.

U.S. futures are little changed as investors awaited earnings results from Nvidia and the minutes from the Federal Reserve May meeting, due out Wednesday afternoon U.S. time.

Overnight, the three major stock averages closed higher. The Dow Jones Industrial Average gained 740.58 points, or 1.78%, to finish at 42,343.65, while the S&P 500 rose 2.05% to 5,921.54. Both snapped four-day losing streaks. The Nasdaq Composite popped 2.47% to 19,199.16 as technology names like Tesla saw outsized gains.

— CNBC’s Alex Harring and Lisa Kailai Han contributed to this report.



Source

China’s retail sales growth sharply misses estimates in November, deepening consumption worries
World

China’s retail sales growth sharply misses estimates in November, deepening consumption worries

China’s retail sales growth and industrial production missed estimates in November while investment declined more than expected, data from National Bureau of Statistics showed Monday, indicating consumption remains a major worry. Retail sales rose 1.3% last month from a year earlier, sharply missing Reuters’ median forecast for a 2.8% growth, and slowing from 2.9% rise […]

Read More
Copper could hit ‘stratospheric new highs’ as hoarding of the metal in U.S. continues
World

Copper could hit ‘stratospheric new highs’ as hoarding of the metal in U.S. continues

Copper prices have soared this year, hitting multiple record highs, fueled by supply disruptions and as fears over U.S. tariffs have led to a surge in demand. The rally is set to continue into 2026. Citi analysts expect prices of the red metal to skyrocket on the back of stronger demand led by the energy […]

Read More
South Korea stocks lead losses in Asia-Pacific ahead of key data from China
World

South Korea stocks lead losses in Asia-Pacific ahead of key data from China

Aerial view of vehicles being driven on the road through the central business district in Beijing, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets fell Monday, after Wall Street declined Friday stateside as investors took a breather from the AI trade. “[Friday] is a value-outperforms-growth day,” said Jed Ellerbroek, portfolio manager at […]

Read More