Asia markets set to open mostly higher as investors await outcome of Trump-Zelenskyy meeting

Asia markets set to open mostly higher as investors await outcome of Trump-Zelenskyy meeting


Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea.

Insung Jeon | Moment | Getty Images

Asia-Pacific markets were poised to open mostly higher Tuesday as investors awaited the outcome of the talks led by U.S. President Donald Trump with Ukraine’s President Volodymyr Zelenskyy and European leaders at the White House.

Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,875 while its counterpart in Osaka last traded at 43,780, against the index’s Monday record high close of 43,714.31.

Australia’s S&P/ASX 200 was set to start the day lower, with futures tied to the benchmark at 8,874, compared with the index’s last close of 8,959.30.

Futures for Hong Kong’s Hang Seng index stood at 25,230, pointing to a stronger open compared with the HSI’s last close of 25,176.85.

Investors are also looking ahead to the U.S. Federal Reserve Chair Jerome Powell’s annual speech at the central bank’s summit in Jackson Hole, Wyoming, that’s scheduled Friday.

U.S. equity futures were little changed in early Asia hours, at the start of a week filled with retail earnings and speeches from Fed officials.

Overnight stateside, all three key benchmarks ended the day near the flatline.

The Dow Jones Industrial Average dropped 34.30 points, or 0.08%, to close at 44,911.82. The S&P 500 closed down 0.01% and ended at 6,449.15, while the Nasdaq Composite inched up 0.03% to settle at 21,629.77.

Shares of two of the so-called magnificent seven stocks Meta Platforms and Microsoft dropped about 2.3% and 0.6%, weighing on the broader market.

— CNBC’s Yun Li, Pia Singh and Alex Harring contributed to this report.



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