Marina Bay Waterfront Central Business District skyline in Singapore on May 10, 2023.
Noor Photos | Noor Photos | Getty Images
Asia-Pacific markets are set to open higher on Tuesday, tracking gains on Wall Street, with U.S. benchmarks hitting record highs following President-elect Trump’s pick for Treasury secretary.
Australia’s S&P/ASX 200 index rose 0.14% in the first hour of trading after hitting a record closing high on Monday.
Japanese Nikkei 225 Index Futures showed a stronger market opening, with the Chicago futures contract at 38,875 points and the Osaka futures contract at 38,830 points, compared with the previous closing price of 38,780.14 points.
Hong Kong Hang Seng Index futures were at 19,245 points, higher than the Hang Seng Index’s last closing point of 19,150.99 points.
Traders in the Asia-Pacific region will be watching the release of Japan’s services producer price index for October and Singapore’s manufacturing output for the same month. For the latter, Reuters analysts expect annual growth of 2.2%, compared with September’s 9.8% increase.
In the U.S., gains in stocks pushed the Dow Jones Industrial Average, S&P 500 and Russell 2000 to new highs on Monday as investors welcomed Trump’s decision to nominate Key Square Group founder Scott Bessent .
The blue-chip Dow Jones Industrial Average rose 440.06 points, or 0.99%, to 44,736.57 points. The S&P 500 rose 0.3% to close at 5,987.37 points. Both hit record highs, while the Dow also hit a new closing record. The Nasdaq rose 0.27% to close at 19,054.84 points.
—CNBC’s Alex Harring and Hakyung Kim contributed to this report.
About The Author
