Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes

Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes


Here are the opening calls for the day

Happy mid-week from Singapore. Asia markets are set for a mostly higher open.

Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart in Osaka last traded at 43,280, against the index’s last close of 42,718.17.

Futures for Hong Kong’s Hang Seng index  stood at 25,144, pointing to a higher open compared with the HSI’s last close of 24,969.68.

However, Australia’s S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,852, compared with the index’s last close of 8,880.8.

— Lee Ying Shan

S&P 500 hits new intraday high

Traders work on the floor of the New York Stock Exchange on August 11, 2025.

NYSE

The S&P 500 rose 0.8% on Tuesday to hit a new intraday high.

Stock Chart IconStock chart icon

hide content

S&P 5D chart

During the session, the S&P 500 surpassed its prior high from July 31. A closing high would be the S&P’s 16th of the year.

Earlier in the morning, the Nasdaq Composite also hit a new intraday high. A record close would be the benchmark’s 19th of the year.

— Nick Wells, Lisa Kailai Han



Source

World has ‘never experienced’ soaring refining margins like this, TotalEnergies CEO tells CNBC
World

World has ‘never experienced’ soaring refining margins like this, TotalEnergies CEO tells CNBC

Roughly 15% of TotalEnergies’ production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview. With Brent crude trading solidly above $100 a barrel, much of the attention has focused […]

Read More
Arm releases first in-house chip, with Meta as debut customer
World

Arm releases first in-house chip, with Meta as debut customer

For more than 35 years, Arm Holdings has licensed its instruction sets to the world’s biggest chipmakers and collected royalties on every processor made with its designs. Now the U.K.-based company is making physical silicon of its own for the first time. Arm CEO Rene Haas unveiled his company’s first in-house chip on Tuesday at […]

Read More
Circle heads for it worst day on record as proposed law could limit stablecoin yield
World

Circle heads for it worst day on record as proposed law could limit stablecoin yield

Traders work on the floor at the New York Stock Exchange on the day of Circle Internet Group’s initial public offering on June 5, 2025. Brendan McDermid | Reuters Stablecoin issuer Circle is tumbling as the latest version of a bill known as the Clarity Act shows it could limit yield on stablecoin balances. The […]

Read More