Asia-Pacific markets rise after key Wall Street indexes gain overnight

Asia-Pacific markets rise after key Wall Street indexes gain overnight


Night shot of Sydney, Australia. Darling harbour in the middle left, looking right out to the horizon where the sun has just set.

Mike Mackinven | Moment Open | Getty Images

Asia-Pacific markets climbed Tuesday, after two key Wall Street benchmarks rose as investors awaited clarity on U.S. President Donald Trump’s tariff rollout.

Japan’s benchmark Nikkei 225 started the day 0.67% higher, while the broader Topix index was up 0.95%.

Japanese markets fell into correction territory in the previous session, with the Nikkei 225 falling 4.05% to end the day at a six-month low.

The Kospi index advanced 1.03% at the open while the small-cap Kosdaq added 1.12%.

Australia’s S&P/ASX 200 was up 0.67%, ahead of the Reserve Bank of Australia’s policy meeting later in the day. The central bank is widely expected to stand pat on interest rates at 4.1% as the country heads to the polls on May 3.

Futures for Hong Kong’s Hang Seng index stood at 23,237 pointing to a stronger open compared to the HSI’s Monday close of 23,119.58.

— CNBC’s Brian Evans and Lisa Kailai Han contributed to this report.



Source

Private credit worries resurface in  trillion market as AI pressures software firms
World

Private credit worries resurface in $3 trillion market as AI pressures software firms

Private credit markets are facing fresh uncertainty as AI-driven tools start to pressure software companies, a major borrower group for private lenders. The software industry came under renewed pressure last week after artificial intelligence firm Anthropic unveiled new AI tools, sparking a sell-off in software data provider shares. The AI tools, developed by Anthropic, are […]

Read More
Chinese chip designer Montage Technology soars over 50% in Hong Kong debut
World

Chinese chip designer Montage Technology soars over 50% in Hong Kong debut

A robotic machine manufactures a semiconductor chip at a stall to show investors during The Advantage Assam 2.0 Investment Summit in Guwahati, India, on Feb. 25, 2025. Nurphoto | Nurphoto | Getty Images Shares of Chinese chip designer Montage Technology surged around 60% in its Hong Kong trading debut on Monday following an initial share […]

Read More
Hong Kong media baron and pro-democracy activist Jimmy Lai sentenced to 20 years in prison
World

Hong Kong media baron and pro-democracy activist Jimmy Lai sentenced to 20 years in prison

TOPSHOT – Media tycoon Jimmy Lai (R) is escorted into a Hong Kong Correctional Services van outside the Court of Final Appeal in Hong Kong on February 1, 2021, after being ordered to remain in jail while judges consider his fresh bail application, the first major legal challenge to a sweeping national security law Beijing […]

Read More