Asia-Pacific markets were mixed on Tuesday, with investors cautious even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high.
Australia's S&P/ASX 200 fell 0.33%. Japan's Nikkei 225 gained 0.23% while the Topix gained 0.68%. South Korea's Kospi fell 1.25%, while the Kosdaq Composite dropped 2.04%
Hong Kong's Hang Seng futures were at 20,324, lower than the HSI's last close of 20,426.93.
Traders in Asia-Pacific will be watching a slew of economic data from the region, including the National Australia Bank's survey on business conditions, Indonesia's September retail sales and India's October consumer price index.
OPEC oil cartel will also release its monthly oil market report later in the day.
The Dow Jones Industrial Average jumped more than 300 points on Monday and closed at a record high as the post-election rally continued.
The 30-stock Dow rose 304 points, or 0.69%, to 44,293.69. The gain took the index above 44,000 for the first time. The S&P 500 gained 0.1% to end the day at 6,001.35 and also posted a record close by topping 6,000 for the first time. However, the Nasdaq Composite held near the flatline, rising 0.06% to 19,298.76.
Bitcoin surged above $87,000, boosted by deregulation hopes as well. Crypto-related stocks Coinbase and Mara Holdings rose 20% and 30%, respectively.
Source: CNBC
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats....
S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting...
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...
Asia-Pacific markets mostly fell Thursday, with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire ...
Silver prices stabilized in early Asian trading on Friday (July 18th) as interest in safe-haven assets rebounded amid global uncertainty. Investor interest in the precious metal strengthened after global inflation data was deemed unsatisfactory,...
Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy. Bullion traded below $3,340 an ounce in early Asian...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Australia stock markets climb to record...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...