Asia-Pacific markets set to open higher following Wall Street gains overnight
Bombay Gate Gateway of India, Mumbai
Arutthaphon Poolsawasd | Moment | Getty Images
Asia-Pacific markets were poised to trade higher on Wednesday, following gains on Wall Street overnight.
India’s markets will also be in focus as the U.S. tariffs take effect. The country currently faces additional tariffs of up to 50% on exports to the U.S., after the Trump administration escalated tariff threats in response to its substantial imports of Russian energy.
Japan’s Nikkei 225 was poised to open higher, with the futures contract in Chicago at 42,535 while its counterpart in Osaka last traded at 42,520, against the index’s last close of 42,394.4.
Australia’s S&P/ASX 200 was set to start the day higher, with futures tied to the benchmark at 8,942, compared with the index’s last close of 8,935.6.
Futures for Hong Kong’s Hang Seng index stood at 25,626, pointing to a higher open compared to the HSI’s last close of 25,524.92.
Overnight stateside, the three major benchmarks ended the trading day higher. The S&P 500 closed higher as Wall Street looked beyond President Donald Trump’s removal of Federal Reserve Governor Lisa Cook from the central bank’s board and awaited quarterly figures from chip giant Nvidia.
The broad market S&P 500 settled up 0.41% at 6,465.94. The tech-heavy Nasdaq Composite also added 0.44% to end the day at 21,544.27. The blue-chip Dow Jones Industrial Average added 135.60 points, or 0.30%, to finish at 45,418.07.
— CNBC’s Sean Conlon, Sarah Min and Christina Cheddar Berk contributed to this report.
