Asia-Pacific markets set to rise as Wall Street looks past trade developments

Asia-Pacific markets set to rise as Wall Street looks past trade developments


Classic Chinese courtyard featuring a stage and red lanterns hanging

Jackyenjoyphotography | Moment | Getty Images

Asia-Pacific markets were set to mostly climb Wednesday, as Wall Street rose overnight, shrugging off Trump tariffs and China’s retaliation to measures.

All eyes will be on China, which will resume trading after the Lunar New Year holidays. The Chinese government on Tuesday announced tariffs on U.S. imports in retaliation to duties on its exports.

China is slated to release its Caixin Services PMI figures for January later in the day. The metric captures the country’s services activity.

Futures for Hong Kong’s Hang Seng index stood at 20,971 pointing to a stronger open, compared to the HSI’s close of 20,789.96.

Japan benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 39,000 while its counterpart in Osaka last traded at 38,950, against the index’s last close of 38,798.37.

Overnight in the U.S., the three indexes moved higher following the developments around global trade.

Software player Palantir popped about 24% on fourth-quarter results. AI major Nvidia advancing 1.7% during the session.

The tech-heavy index Nasdaq Composite jumped 1.35% to 19,654.02, while the S&P 500 rose 0.72% to 6,037.88. The Dow Jones Industrial Average climbed 134.13 points, or 0.3%, to 44,556.04.

— CNBC’s Sean Conlon and Pia Singh contributed to this report.



Source

Trump says 80% tariff on China ‘seems right’ ahead of U.S.-Beijing trade talks
World

Trump says 80% tariff on China ‘seems right’ ahead of U.S.-Beijing trade talks

US President Donald Trump, alongside Treasury Secretary Scott Bessent (R), speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Cabinet Room of the White House in Washington, DC, on April 24, 2025. Saul Loeb | Afp | Getty Images President Donald Trump said in a social media post Friday […]

Read More
Pandora to Puma: Retailers warn tariffs will push up prices
World

Pandora to Puma: Retailers warn tariffs will push up prices

A Puma sportswear store in central London on May 1, 2025. Bloomberg | Getty Images Household brands including Pandora, Puma and Hugo Boss all said this week that they are evaluating their pricing strategies in the U.S. and beyond in the event that President Donald Trump’s most punitive levies come into effect. Some others, meanwhile, […]

Read More
IAG orders 71 long-haul jets split between Airbus and Boeing
World

IAG orders 71 long-haul jets split between Airbus and Boeing

Passenger aircraft, operated by British Airways Plc, at Heathrow Airport Terminal 5. Bloomberg | Bloomberg | Getty Images British Airways owner IAG on Friday unveiled plans to buy 71 long-haul aircraft from Airbus and Boeing, sharing a major fleet expansion across the Atlantic a day after Britain and the U.S. announced a trade deal. The […]

Read More