
Asia-Pacific markets opened mostly higher Wednesday amid worries over U.S. President Donald Trump's tariffs and escalating global trade tensions.
Australia's S&P/ASX 200 fell 0.73%.
Japan's Nikkei 225 added 0.25% while the Topix rose 0.28%. South Korea's Kospi climbed 1.09% while the small-cap Kosdaq advanced 1.26%.
Futures for Hong Kong's Hang Seng index were at 23,014, higher than the HSI's last close of 22,941.77.
Investors will be looking out for announcements coming out of China's "Two Sessions," an annual parliamentary gathering which began on Tuesday, where Beijing is poised to outline economic measures including its growth target for the year.
The meeting of its top legislature, the National People's Congress, is scheduled to open on Wednesday.
Trump's 25% tariffs on goods from Mexico and Canada took effect Tuesday. The president also imposed an additional 10% duty on Chinese goods, bringing the total new tariffs on China to 20%.
Australia is also set to release its fourth-quarter GDP later in the day.
Source: CNBC
That the US and China were nearing a trade deal triggered a cross-asset rally, lifting stocks, oil and copper along with China-exposed currencies such as the Australian dollar. Treasuries an...
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...
Gold is under pressure again as global markets enter risk-on mode. Signals of peace on the US-China trade front have reduced investors' need for safe haven assets, leading to a correction in gold prices after a major rally. However, this is more of...
That the US and China were nearing a trade deal triggered a cross-asset rally, lifting stocks, oil and copper along with China-exposed currencies such as the Australian dollar. Treasuries and gold dropped. Asian shares rose...
Japanese stocks are expected to continue strengthening due to a combination of two factors favored by the market: a weakening yen and expectations of economic stimulus from Prime Minister Sanae Takaichi's government. Nikkei futures traded on the...
Business activity in the United States' (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing...
European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data...
European stocks closed slightly higher on Friday amid a mix of corporate earnings reports, while markets assessed the outlook for European growth...
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...