The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group (JPX), was listed in Tokyo, Japan on Monday, August 5, 2024.
Noriko Hayashi | Bloomberg | Getty Images
Asia-Pacific markets set to open higher on Thursday following gains on Wall Street S&P 500 Index and Dow Jones Industrial Average Stocks hit new records as investors shrugged off geopolitical worries.
Australia’s S&P/ASX 200 rose 0.5% in early trade. South Korea’s Kospi rose 0.6% and the small-cap Kosdaq gained 0.7%.
Japanese Nikkei 225 Index It opened up 0.5% and the Topix gained 0.4%.
Asian traders will assess data in September Japanese producer prices An increase of 2.8% compared with the same period last year. Economists polled by Reuters had forecast inflation at 2.3%, down from 2.5% in August.
Hongkong Hang Seng Index The futures index reported at 21,070 points, higher than the Hang Seng Index’s last closing price of 20,637.24 points.
Traders will be keeping a close eye on Chinese markets after the Shenzhen Composite Index recorded its worst session since 1997 as Beijing disappointed investors by announcing no further major stimulus measures beyond an initial blitz.
In the U.S. stock market overnight, the S&P 500 index rose 0.71% to close at 5,792.04 points after hitting a record high; the 30 stocks in the Dow Jones Index rose 431.63 points, or 1.03%, to close at 42,512 points, a record high. The Nasdaq rose 0.6% to close at 18,291.62 points.
Wall Street maintained its gains after the release of the minutes of the Federal Reserve’s September meeting, which cut interest rates by half a percentage point, showing that “the vast majority of participants” favored a significant rate cut.
The strong session came despite Israel’s promise of a wider war in the Middle East. launch a retaliatory strike Confront Iran.
—CNBC’s Samantha Subin and Sarah Min contributed to this report.
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