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.



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