Asia-Pacific markets set to open mixed after Wall Street rallies on expectations of softer tariffs

Asia-Pacific markets set to open mixed after Wall Street rallies on expectations of softer tariffs


Tien Nguyen | 500px Plus | Getty Images

Asia-Pacific markets were set to open mixed Tuesday, after Wall Street gained on hopes that U.S. President Donald Trump’s tariffs could be be softer than expected.

Australia’s S&P/ASX 200 started the day 0.63% higher. The country’s budget will be tabled by Treasurer Jim Chalmers later in the day.

Over in Japan, the benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 37,805 while its counterpart in Osaka last traded at 37,720, against the index’s Monday close of 37,608.49.

Futures for Hong Kong’s Hang Seng index last traded at 23,609, pointing to a weaker open compared to the HSI’s close of 23,905.56.

U.S. futures edged down marginally after the three key Wall Street indexes logged gains overnight.

The Dow Jones Industrial Average jumped 597.97 points, or 1.42%, to end at 42,583.32. The S&P 500 added 1.76% and closed at 5,767.57, while the tech-heavy Nasdaq Composite gained 2.27% to settle at 18,188.59.

Shares of Tesla, which have fallen for nine straight weeks, rose nearly 12%, adding to their Friday gains. Meta Platforms and Nvidia climbed more than 3%.

— CNBC’s Pia Singh, Brian Evans and Hakyung Kim contributed to this report.



Source

European stocks rebound as traders eye Nvidia earnings
World

European stocks rebound as traders eye Nvidia earnings

European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia. The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon. Its value has soared in recent […]

Read More
Stock futures little changed ahead of Nvidia earnings: Live updates
World

Stock futures little changed ahead of Nvidia earnings: Live updates

Traders work on the floor at the New York Stock Exchange in New York City, U.S., August 26, 2025. Brendan McDermid | Reuters Stock futures were flat early Wednesday as investors turn their eyes to Nvidia earnings, which could be a make-or-break moment for the bull market. Futures tied to the Dow Jones Industrial Average, […]

Read More
Putin acts like he doesn’t care about peace. Russia’s economy could depend on it
World

Putin acts like he doesn’t care about peace. Russia’s economy could depend on it

In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin meets with German Gref, the CEO of Russia’s largest Sberbank, in Moscow on July 29, 2025. Mikhail Metzel | Afp | Getty Images Russia’s beleaguered economy, with its slowing growth and widening budget deficit, could be one push-factor when it […]

Read More