Asia markets set to track Wall Street gains ahead of a potential U.S. government shutdown

Asia markets set to track Wall Street gains ahead of a potential U.S. government shutdown


Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea.

Mongkol Chuewong | Moment | Getty Images

Asia-Pacific markets were set to open higher Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to wrangle over details of a second temporary spending bill.

Investors in Asia will look toward the Reserve Bank of India’s rate decision late Wednesday. Investors are also awaiting the Bank of Japan’s Tankan index, which measures business sentiment among Japanese companies and is closely watched by the central bank.

Futures for Australia’s S&P/ASX 200 stood at 8,862, slightly higher than its last close of 8,848.8.

Japan’s Nikkei 225 futures indicated a higher open, with the futures contract in Chicago at 44,975 and its counterpart in Osaka at 44,890, compared with the previous close of 44,932.63.

Markets on mainland China and Hong Kong were closed for a holiday.

Overnight in the U.S., the S&P 500 closed up 0.41% at 6,688.46, while the Nasdaq Composite climbed 0.31% to finish at 22,660.01.

The Dow Jones Industrial Average advanced 81.82 points, or 0.18%, to close at 46,397.89 — a fresh closing high.

—CNBC’s Sean Conlon and Pia Singh contributed to this report.



Source

Asia markets set to open mixed after OPEC shock, tech jitters drag Wall Street stocks
World

Asia markets set to open mixed after OPEC shock, tech jitters drag Wall Street stocks

An electronic stock board inside the Kabuto One building in Tokyo, Japan, on Tuesday, Jan. 28, 2025.  Toru Hanai | Bloomberg | Getty Images Asia-Pacific markets were set to open mixed Wednesday, after Wall Street declined overnight as investors assess the latest developments concerning OPEC, as well as a report that pointed to weakness in […]

Read More
Pentagon AI chief confirms DOD’s expanded use of Google, says reliance on one model ‘never a good thing’
World

Pentagon AI chief confirms DOD’s expanded use of Google, says reliance on one model ‘never a good thing’

Vcg | Visual China Group | Getty Images Pentagon AI chief Cameron Stanley confirmed to CNBC that the Department of Defense is expanding its use of Google’s Gemini artificial intelligence model, about two months after the DOD dropped Anthropic, designating it as a supply chain risk. The DOD is using Google’s latest model for classified […]

Read More
Airbus reports falling profits as jet deliveries slow
World

Airbus reports falling profits as jet deliveries slow

File: Visitors pass an Airbus SAS A320 aircraft on the second day of the Farnborough International Air Show in Farnborough, U.K., on Tuesday, July 10, 2012. Matthew Lloyd | Bloomberg | Getty Images Airbus reported quarterly profits that halved from a year ago late Tuesday, as deliveries of its best-selling aircraft slowed. First-quarter sales came […]

Read More