Asia markets to open mixed even as Wall Street notches fresh records

Asia markets to open mixed even as Wall Street notches fresh records


The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022.

Steven Saphore | Anadolu Agency | Getty Images

Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records.

Traders in Asia will assesses monthly consumer price index figures out of Australia, set to be released later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September.

Australia’s S&P/ASX 200 was trading up 0.5%.

Japan’s Nikkei 225 opened to trade down 0.35%, while the broad-based Topix dropped 0.5%.

The South Korean blue-chip Kospi index was down 0.4% at open, while small-cap Kosdaq dropped 0.65%.

Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI’s last close of 19,159.2.

In the U.S. on Tuesday, the blue-chip Dow advanced 123.74 points, or 0.28%, to a record close of 44,860.31, while the S&P 500 added 0.57% to a record 6,021.63. The Nasdaq Composite jumped 0.63% to 19,174.30.

The strong performance came after U.S. President-elect Donald Trump called for a 25% tariff on products from Mexico and Canada, as well as an additional 10% levy on Chinese goods.

He has already said he would impose a tariff of up to 20% on all imports, and an additional duty of at least 60% on products from China.

According to one market analyst that spoke to CNBC, market participants appeared to look past Trump’s announcement as they either expect the taxes to not actually come to fruition, or they have already been priced in by traders.

— CNBC’s Samantha Subin and Alex Harring contributed to this report.



Source

Top Wall Street analysts like these 3 dividend stocks for enhanced returns
World

Top Wall Street analysts like these 3 dividend stocks for enhanced returns

A sign sits in front of a McDonald’s restaurant on May 13, 2025 in Chicago, Illinois. Scott Olson | Getty Images The S&P 500 rose to a fresh record on Friday, but macro uncertainties persist. Investors may want to consider dividend-paying stocks as a way to enhance returns in the event of choppy markets. Tracking […]

Read More
Nvidia shares retake AI leadership role. Wall Street is bullish going forward
World

Nvidia shares retake AI leadership role. Wall Street is bullish going forward

Wall Street investors believe that Nvidia ‘s next rally to even higher highs is only a matter of time. The chipmaker ended last week by hitting fresh all-time highs three days in a row. But this bullish showing stands in contrast to the doubt that has hovered around the stock for much of the year. […]

Read More
Why oil prices swung so wildly during the Iran-Israel conflict and where the market goes from here
World

Why oil prices swung so wildly during the Iran-Israel conflict and where the market goes from here

The oil market is assuming a bearish tilt after the Iran-Israel conflict ended in a ceasefire this week, with President Donald Trump hinting he could loosen sanctions against the Islamic Republic’s crude exports. The 12-day conflict drove oil prices sharply higher and then lower as traders gauged the odds of a major supply disruption. U.S. […]

Read More