Asia-Pacific markets to open mostly higher after Wall Street rallies ahead of U.S. election results

Asia-Pacific markets to open mostly higher after Wall Street rallies ahead of U.S. election results


A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. 

Bloomberg | Bloomberg | Getty Images

SINGAPORE — Asia-Pacific markets were set to open mostly higher Wednesday after Wall Street surged overnight ahead of the U.S. presidential election results.

Japan’s Nikkei 225 appeared set to open higher, with the futures contract in Chicago at 39,050 and its counterpart in Osaka at 38,980 compared to the index’s last close of 38,474.9.

The Bank of Japan’s monetary policy meeting minutes will be released later in the day, which could give insights on where the memebers stand on the bank’s policy path.

Hong Kong’s Hang Seng index futures were at 20,962, lower than the HSI’s last close of 21,006.97.

A five-day meeting of China’s National People’s Congress (NPC) will continue on Tuesday, with investors watching for information on additional stimulus and polices aimed at stabilizing the economy.

Australia’s S&P/ASX 200 rose 0.7% higher.

Overnight in the U.S. the S&P 500 index gained 1.23% to close at 5,782.76, while the Nasdaq Composite advanced 1.43% to 18,439.17. The Dow Jones Industrial Average climbed 427.28 points, or 1.02%, to settle at 42,221.88.

The race between former President Donald Trump and Vice President Kamala Harris is expected to be tight. Focus will also be on Congressional polling, given that a sweep by either party could impact spending and tax policy.

Follow CNBC’s 2024 election live blog here.

— CNBC’s Jesse Pound and Samantha Subin contributed to this report.



Source

Adani investor GQG Partners’ shares see worst day after Gautam Adani’s indictment
World

Adani investor GQG Partners’ shares see worst day after Gautam Adani’s indictment

Rajiv Jain, founder and chief investment officer of GQG Partners, during an interview in New York, US, on Tuesday, April 4, 2023. Christopher Goodney | Bloomberg | Getty Images Shares of Australia-listed GQG Partners plunged on Thursday to post their worst day on record, after Adani Group Chair Gautam Adani was charged with fraud in […]

Read More
Adani Group slams ‘baseless’ New York fraud and bribery charges
World

Adani Group slams ‘baseless’ New York fraud and bribery charges

Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. India needs fossil fuels to serve large populations and getting rid of all fossil fuels instantly would not work for the nation, Adani said. Photographer: Edwin Koo/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images […]

Read More
British regulators will soon announce competition remedies for the multibillion-pound cloud industry
World

British regulators will soon announce competition remedies for the multibillion-pound cloud industry

Ofcom said it received evidence showing Microsoft makes it less attractive for customers to run its Office productivity apps on cloud infrastructure other than Microsoft Azure. Igor Golovniov | Sopa Images | Lightrocket via Getty Images LONDON — Britain’s competition regulator is preparing remedies aimed at solving competition issues in the multibillion-pound cloud computing industry. […]

Read More