Asia-Pacific markets fell on Tuesday, failing to track gains on Wall Street as US benchmarks hit record highs following President-elect Donald Trump's choice for Treasury secretary.
Australia's S&P/ASX 200 traded 0.28% lower, after hitting an all-time closing high on Monday.
Japan's Nikkei 225 fell 0.82%, while the Topix fell 0.64%. Japan's services PPI rose 2.9% year-on-year, compared with a 2.8% gain the previous month. The Kospi fell 0.40% in the first hour of trading.
Hong Kong's Hang Seng index futures were at 19,245, up from the HSI's last close of 19,150.99.
Traders in Asia-Pacific will be watching Singapore's October manufacturing output release. Reuters analysts had forecast a 2.2% year-over-year gain, compared with a 9.8% gain in September.
In the U.S., a stock rally pushed the Dow Jones Industrial Average, the S&P 500 and the Russell 2000 to new highs on Monday as investors cheered Trump's decision to nominate Scott Bessent, founder of Key Square Group.
The Dow rose 440.06 points, or 0.99%, to 44,736.57. The S&P 500 gained 0.3% to close at 5,987.37. Both hit new all-time highs in the session, while the Dow also notched a new closing record. The Nasdaq Composite rose 0.27%, ending the day at 19,054.84.
Source: CNBC
Three major US indexes closed at new record highs after a lower-than-expected inflation report raised the possibility of a Federal Reserve interest rate cut later this year and prompted investors to s...
European stocks closed slightly higher on Friday amid a mix of corporate earnings reports, while markets assessed the outlook for European growth and interest rates. The STOXX 50 edged up to 5,674, an...
European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data amid hopes that US–China trade tensions may ease wh...
U.S. stocks reached new heights on Friday as cool inflation data raised investors' optimism that the Federal Reserve can stay on its rate-cutting path, boosting the economy and justifying higher valua...
European markets opened higher after news of a planned meeting between Donald Trump and Xi Jinping next week eased trade war concerns. The Stoxx Europe 600 moved positively, led by the technology sect...
Three major US indexes closed at new record highs after a lower-than-expected inflation report raised the possibility of a Federal Reserve interest rate cut later this year and prompted investors to shift to riskier assets. The S&P 500 rose...
Oil prices fell on Friday (October 24th) as skepticism crept into the market regarding the Trump administration's commitment to sanctions against Russia's two largest oil companies related to the war in Ukraine. Brent crude futures closed 5 cents,...
Gold prices pared losses on Friday (October 24) after slightly lower-than-expected US inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but the precious metal is still expected to post its first...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese...
Asia-Pacific markets fell Thursday, tracking Wall Street's declines on concerns about U.S.-China trade relations.
Trade fears resurfaced after...
European stock markets closed mostly lower in Wednesday trading as The Stoxx Europe was off 0.15%, Germany's DAX declined 0.71%, France's CAC lost...
Following the final October meeting (October 28–29, 2025), the FOMC calendar still lists December 9–10, 2025. This means the Fed could technically...