The People’s Bank of China (PBOC) building is seen on Friday, November 8, 2024, in Beijing, China.
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Asia-Pacific markets opened mostly higher on Wednesday, while Wall Street was mixed on Wednesday as geopolitical tensions between Ukraine and Russia intensified.
Investors will assess Japan’s trade data for October. Economists polled by Reuters expected exports to rise 2.2% annually. Imports are expected to fall 0.3%, down from 2.1% last month.
Japanese Nikkei 225 Index Opened slightly higher, with the Topix rising 0.1%.
Hong Kong Hang Seng Index Index futures were at 19,619 points, slightly lower than the Hang Seng Index’s last closing point of 19,663.67 points.
according to a Reuters pollChina is expected to keep its benchmark lending rate unchanged on Wednesday after cutting it in October.
South Korea’s Kospi rose 0.3% and the Kosdaq rose 0.2%. Australia’s S&P/ASX 200 opened 0.24% lower.
In the U.S. stock market overnight, the Nasdaq index rose 1.04% to close at 18,987.47 points; the S&P 500 index rose 0.4% to close at 5,916.98 points. The Dow Jones Industrial Average fell 120.66 points, or 0.28%, to close at 43,268.94 points.
Market pressure began to emerge overnight after Russian President Vladimir Putin warned the United States to lower the threshold for the use of nuclear weapons, a new stance taken after President Joe Biden allowed Ukraine to use American weapons to attack Russian territory.
Subsequently, reports emerged that Ukraine had attacked the Russian border area of Bryansk with US-made missiles, further intensifying the losses.
—CNBC’s Samantha Subin and Pia Singh contributed to this report.
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