Asia-Pacific markets set to rise as Wall Street bounces on retail sales data

Asia-Pacific markets set to rise as Wall Street bounces on retail sales data


Yukinori Hasumi | Moment | Getty Images

Asia-Pacific markets are set to rise on Tuesday, tracking gains on Wall Street, which ticked up after retail sales data appeared to ease recession concerns.

Investors will be keeping a close watch on Japanese markets, as the Bank of Japan kicks off its two-day monetary policy meeting on Tuesday. The central bank is widely expected to hold interest rates steady at 0.5% when the meeting concludes on Wednesday.

The BOJ’s two-day meeting coincides with the U.S. Federal Reserve, with the latter also expected to keep interest rates unchanged.

Japan’s benchmark Nikkei 225 was set to open slightly higher, with the futures contract in Chicago at 37,800, while its counterpart in Osaka traded at 37,200 against the index’s last close of 37,396.52.

Meanwhile, futures for Hong Kong’s Hang Seng index stood at 24,186 pointing to a stronger open compared to the HSI’s last close of 24,145.57.

Australia’s S&P/ASX 200 started the day 0.59% higher.

Stateside, U.S. stocks made a comeback from a four-week decline exacerbated by U.S. President Donald Trump’s chaotic tariff policy rollout and falling consumer confidence.

The S&P 500 gained 0.64% to close at 5,675.12, while the Nasdaq Composite climbed 0.31% and ended at 17,808.66. The Dow Jones Industrial Average also advanced 353.44 points, or 0.85%, to end at 41,841.63.

The 30-stock index was bolstered by gains in Walmart and International Business Machines. All three of the major averages posted back-to-back gains.

— CNBC’s Sean Conlon and Sarah Min contributed to this report.



Source

Japan’s Prime Minister Shigeru Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper
World

Japan’s Prime Minister Shigeru Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper

Japan’s prime minister, Shigeru Ishiba. Bloomberg | Bloomberg | Getty Images Japanese Prime Minister Shigeru Ishiba is considering visiting Washington to meet President Donald Trump before a mid-month summit of the Group of Seven nations as he seeks a trade deal, the Yomiuri newspaper reported on Sunday. Japanese officials see signs of progress on easing […]

Read More
South Korea exports fall as tariffs hit U.S., China shipments
World

South Korea exports fall as tariffs hit U.S., China shipments

Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea. Chung Sung-Jun/Getty Images South Korea’s exports fell in May for the first time in four months, as shipments to the United States […]

Read More
Can art save the earth? Artists share how their work strives to do just that
World

Can art save the earth? Artists share how their work strives to do just that

Artist Lauren Bon, shown at the Los Angeles River. Bon and her non-profit art and research hub, Metabolic Studio, spent more than a decade on a project called “Bending the River.” The initiative draws water from the L.A. River in downtown L.A., cleans it and uses it to irrigate Los Angeles State Historic Park. Allen […]

Read More