Asia-Pacific markets to open lower after Wall Street postelection rally fizzles

Asia-Pacific markets to open lower after Wall Street postelection rally fizzles


The momentum in Japan markets were largely driven by the country’s technology and financial sector. 

Doctoregg | Moment | Getty Images

Asia-Pacific stock markets were set to open lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight.

Asian traders will assess Japanese corporate goods data, set for release later in the day. Economists polled by Reuters expect corporate goods prices to have risen by an average of 3% for the month of October compared to last year, up from 2.8% in September.

Japan’s Nikkei 225 futures pointed to a lower open for the market, with the futures contract in Chicago at 39,230 and its counterpart in Osaka at 39,250 compared to the previous close of 39,376.09.

Australia’s S&P/ASX 200 fell 1.2% at open.

Hong Kong Hang Seng index futures were at 19,631, lower than the HSI’s last close of 19,846.88.

Overnight in the U.S., stocks fell with both the tech-heavy Nasdaq and the S&P 500 snapping five-day win streaks.

The Dow Jones Industrial Average dropped 382.15 points, or 0.86%, to 43,910.98, while the S&P 500 fell 0.29% to close at 5,983.99. The Nasdaq Composite ended the session marginally lower at 19,281.40.

Small-cap stocks, perceived as possible beneficiaries of Donald Trump’s return as U.S. president, were largely under pressure, with the Russell 2000 sliding about 1.8%.

— CNBC’s Brian Evans and Alex Harring contributed to this report.



Source

Netanyahu hopes to announce the release of all hostages from Gaza ‘in the coming days’
World

Netanyahu hopes to announce the release of all hostages from Gaza ‘in the coming days’

Israeli Prime Minister Benjamin Netanyahu speaks during a joint press conference with U.S. President Donald Trump (not pictured) in the State Dining Room at the White House in Washington, D.C., U.S., Sept. 29, 2025. Jonathan Ernst | Reuters Israeli Prime Minister Benjamin Netanyahu said he hopes to announce the release of all hostages from Gaza […]

Read More
The bubble in people searching for ‘AI bubble’ has burst — what that means for the stocks
World

The bubble in people searching for ‘AI bubble’ has burst — what that means for the stocks

Retail investors’ fear of an “AI bubble” appears to have fallen off after spiking this summer. It could mean the stocks have further to balloon before they ultimately top out. The number of U.S. and worldwide web searches for the term “AI bubble” peaked on Aug. 20 and Aug. 21, respectively, according to Google Trends […]

Read More
Lyft CEO left Microsoft in the 90s to join a tiny startup called Amazon—here’s how Jeff Bezos convinced him
World

Lyft CEO left Microsoft in the 90s to join a tiny startup called Amazon—here’s how Jeff Bezos convinced him

In 1996, David Risher told Bill Gates he was quitting his management role at Microsoft, then already one of the world’s largest companies with annual revenue of nearly $8.7 billion, to take a job at a “tiny, little bookstore online,” called Amazon. “It wasn’t an entirely rational move,” Risher, who is now CEO of Lyft, […]

Read More