Asia markets trade mixed after World Bank raises regional growth forecast

Asia markets trade mixed after World Bank raises regional growth forecast


In 2025, the median rent for a 1-bedroom in Hong Kong is $2,421.

Nikada | E+ | Getty Images

Asia-Pacific markets traded mixed Wednesday, breaking ranks from Wall Street losses, after the World Bank raised the region’s growth forecast Tuesday.

That comes after a summer that saw U.S. tariff-led uncertainty rock the global economy.

Japan’s benchmark Nikkei 225 was little changed, while the the Topix added 0.62%.

Australia’s ASX/S&P 200 fell 0.3%.

Futures for Hong Kong’s Hang Seng index stood at 27,165, higher than its Tuesday close of 26,957.77.

Mainland China and South Korean markets are closed for the holidays.

The Bank of Thailand and Reserve Bank of New Zealand are set to release their policy decisions later in the day.

Overnight in the U.S., the three major averages closed lower. The S&P 500 struggled Tuesday, bogged down by a drop in Oracle shares as investors worry about the profitability of the artificial intelligence trade. Wall Street also looked for more developments out of Washington with the U.S. government shutdown in its second week.

The broad market index pulled back 0.38% to close at 6,714.59, snapping a 7-day winning streak, while the Nasdaq Composite fell 0.67% to finish at 22,788.36. The Dow Jones Industrial Average fell 91.99 points, or 0.2%, to end at 46,602.98.

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



Source

Can AI create next ‘Grand Theft Auto’? Take-Two Interactive CEO says no
World

Can AI create next ‘Grand Theft Auto’? Take-Two Interactive CEO says no

Strauss Zelnick, the CEO of video game publisher Take-Two Interactive, said he is not a “naysayer” when it comes to the promise of artificial intelligence. But at the same time, Zelnick, who leads the company that publishes the “Grand Theft Auto,” “NBA 2K,” “Red Dead” and “Borderlands” video game series, said the signs that the […]

Read More
Jensen Huang says Nvidia’s AI chips are now being manufactured in Arizona
World

Jensen Huang says Nvidia’s AI chips are now being manufactured in Arizona

Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media prior to the keynote address at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty Images Nvidia CEO Jensen Huang said at the company’s GTC conference on Tuesday that its Blackwell […]

Read More
Gold enters correction territory as global investors stop worrying as much about China tensions, Fed independence, AI bubble
World

Gold enters correction territory as global investors stop worrying as much about China tensions, Fed independence, AI bubble

Gold has fallen into correction territory now that investor fears around China tensions, Federal Reserve independence and an artificial intelligence bubble have been soothed. After topping $4,300 just last week, both spot gold and gold futures have made short work of dipping below $4,000. The yellow metal is still up more than 40% in 2025. […]

Read More