Asia-Pacific markets set for mixed open; Australia inflation data in focus

Asia-Pacific markets set for mixed open; Australia inflation data in focus


The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. 

Kristof Z. Markovics | Nurphoto | Getty Images

Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained.

Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter.

Australia’s S&P/ASX 200 opened 0.23% lower.

Japan’s Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index’s previous close of 38,903.68.

Hong Kong Hang Seng index futures were at 20,746, higher than the index’s last close of 20,701.14.

In the U.S., the tech-heavy Nasdaq rose 0.78% to close at a record high of 18,712.75.

The S&P 500 added 0.16% to close at 5,832.92, while the Dow Jones Industrial Average fell 154.52 points, or 0.36%, to end at 42,233.05.

— CNBC’s Hakyung Kim and Alex Harring contributed to this report.



Source

An AI stock showing a classic uptrend that investors should ride for as long as possible
World

An AI stock showing a classic uptrend that investors should ride for as long as possible

As cloud plays like Arista Networks, Inc. (ANET) have continued to impress, there have been numerous calls for an end to the relentless uptrend. But using a classic trend-following toolkit, we see this chart as “innocent until proven guilty.” Today we’ll break down why this chart remains in a bullish configuration, review some of the […]

Read More
Ex-Google CEO Eric Schmidt warns AI models can be hacked: ‘They learn how to kill someone’
World

Ex-Google CEO Eric Schmidt warns AI models can be hacked: ‘They learn how to kill someone’

Google’s former CEO Eric Schmidt spoke at the Sifted Summit on Wednesday 8, October. Bloomberg | Bloomberg | Getty Images Google‘s former CEO Eric Schmidt has issued a stark reminder about the dangers of AI and how susceptible it is to being hacked. Schmidt, who served as Google’s chief executive from 2001 to 2011, warned […]

Read More
Rare earths stocks surge after China tightens grip on global supplies
World

Rare earths stocks surge after China tightens grip on global supplies

A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters Shares of U.S. rare earth and critical mineral miners surged Thursday after China tightened restrictions on exports, fuelling market speculation that the Trump administration will move more […]

Read More