Kospi, Nifty 50, Hang Seng Index, CSI 300
Pedestrians crossing street at night in Hong Kong, China Nathan Road
Nikada | E+ | Getty Images
As markets in the Asia-Pacific region prepare to open on Tuesday, they are expected to follow the positive trend set by Wall Street, particularly driven by the rally in tech stocks.
Australia’s ASX/S&P 200 is anticipated to open higher, with its futures contract trading at 8,867, compared to the index’s previous close of 8,810.9.
Hong Kong’s Hang Seng Index is also set to open higher, with its futures contract last traded at 26,396. The region, however, is bracing for a severe typhoon, with the Hong Kong Observatory warning of deteriorating conditions as Super Typhoon Ragasa approaches the Pearl River Estuary.
Japan markets will remain closed for the holiday, while India’s tech stocks continue to be in focus following a decline on Monday due to U.S. President Donald Trump’s announcement of a $100,000 visa fee for new H-1B visas.
Singapore is expected to release its inflation data for August later in the day.
In the U.S. market, the S&P 500 reached new highs driven by Nvidia’s partnership announcement with OpenAI, boosting investor confidence in artificial intelligence. The Nasdaq Composite and Dow Jones Industrial Average also closed at record highs.
— CNBC’s Sarah Min and Sean Conlon contributed to this report.
