People watch the first sunrise of the new year on a pedestrian bridge overlooking the Seoul city skyline on January 1, 2024.
Jung Yeon-je | AFP | Getty Images
Asia-Pacific markets opened mixed on Tuesday, although S&P 500 Index Overnight, Wall Street’s Nasdaq hit a new high.
The broader market index rose 0.26% to close at 5,360.79 points; the Nasdaq Index rose 0.35% to close at 17,192.53 points.
The Dow Jones Industrial Average gained 0.18%, tracking gains in the S&P and Nasdaq.
Asian traders are eyeing Wednesday’s decision from the U.S. Federal Reserve, which will follow the release of its May inflation report earlier in the day.
Investors will parse the Federal Reserve’s latest forecasts on when and how often it will cut interest rates. The market currently expects only one rate cut this year, in November. According to CME Group’s FedWatch tool.
Asia-Pacific markets including Australia, Hong Kong, China and Taiwan will resume trading on Tuesday after being closed for a public holiday the previous day.
Australia’s S&P/ASX 200 index futures were at 7,805 points, slightly lower than the previous closing price of 7,860 points.
Japan’s Nikkei 225 Index Futures showed a stronger market opening, with the Chicago futures contract at 39,155 points and the Osaka futures contract at 39,150 points, compared with the previous closing price of 39,038.16 points.
Hong Kong Hang Seng Index futures were at 18,096 points, lower than the Hang Seng Index’s last closing point of 18,366.95 points.
—CNBC’s Lisa Kailai Han and Sarah Min contributed to this report.
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