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

North Korea fires ballistic missiles again, flexing muscle amid Iran war
World

North Korea fires ballistic missiles again, flexing muscle amid Iran war

People watch a television screen showing a news broadcast with file footage of a North Korean missile test, at a train station in Seoul on April 19, 2026. (Photo by Jung Yeon-je / AFP via Getty Images) Jung Yeon-je | Afp | Getty Images North Korea fired ballistic missiles into the sea on Sunday, accelerating […]

Read More
Egypt’s Talaat Moustafa Group to build  billion city east of Cairo
World

Egypt’s Talaat Moustafa Group to build $27 billion city east of Cairo

Photo taken on March 25, 2026 shows a view of Cairo, the capital city of Egypt. Xinhua News Agency | Xinhua News Agency | Getty Images Egypt’s Talaat Moustafa Group (TMG) will build a new 1.4 ⁠trillion Egyptian pound ($27 billion) mixed-use city east of ​Cairo, CEO ​and ​Managing Director Hisham Talaat Moustafa said at […]

Read More
Justice Department refuses to assist French probe into Musk’s X, WSJ reports
World

Justice Department refuses to assist French probe into Musk’s X, WSJ reports

Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images The U.S. Justice Department has told French law enforcement it will not assist with efforts to investigate tech billionaire Elon Musk’s social media platform X, The Wall Street Journal reported on Saturday, citing a letter from the DOJ’s Office of International Affairs, […]

Read More