Asian stocks continued their two-day rally, following positive momentum from Wall Street that fueled a global rally. The MSCI Asia Pacific Index rose 0.3% on Tuesday morning after global stock indexes hit record closing highs. In Japan, the Topix index rose 0.5%, while US index futures edged higher. This rise was fueled by optimism about a year-end rally that is expected to strengthen. The S&P 500 erased December's losses and is on track for its eighth consecutive month of gains, which would be its longest winning streak since 2018. Large stocks like Tesla and Nvidia led the gains,...
Asia-Pacific markets are set for a mixed open on Friday, after Wall Street benchmarks the Nasdaq Composite and the S&P 500 posted their worst day in nearly two months on a downbeat Microsoft earnings forecast and MetaTrader results. Traders await a raft of economic data from the region, including Australia's third-quarter producer price index reading and China's Caixin manufacturing purchasing managers' index for October. Japan's Nikkei 225 appears set for a weaker open, with futures in Chicago at 38,470 and its Osaka counterpart at 38,370 against the index's last close of...