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.

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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



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