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

Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami
World

Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what’s expected to be a very busy year for new AI offerings. The IPO reeled in at […]

Read More
Cisco’s stock pops 11% on earnings beat, strong guidance
World

Cisco’s stock pops 11% on earnings beat, strong guidance

Cisco CEO Chuck Robbins speaks at the Semafor World Economy summit in Washington on April 15, 2026. Alex Wong | Getty Images Cisco shares soared in extended trading on Wednesday after the company issued results and guidance that topped Wall Street’s projections. Here’s how the company did in comparison with LSEG consensus: Earnings per share: […]

Read More
Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
World

Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when […]

Read More