Asia-Pacific markets set for mixed open

by Pelican Press
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Asia-Pacific markets set for mixed open

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. 

Kristof Z. Markovics | Nurphoto | Getty Images

Asia-Pacific markets opened mixed Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained.

Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter.

Japan’s Nikkei 225 opened 0.74% higher, while the Topix advanced 0.55%.

South Korea’s Kospi fell 0.57%, while the small-cap Kosdaq slipped 0.06%.

Australia’s S&P/ASX 200 was trading 0.3% lower.

Futures for Hong Kong’s Hang Seng index were at 20,746, compared with the index’s last close of 20,701.14.

In the U.S., the tech-heavy Nasdaq rose 0.78% to close at a record high of 18,712.75.

The S&P 500 added 0.16% to close at 5,832.92, while the Dow Jones Industrial Average fell 154.52 points, or 0.36%, to end at 42,233.05.

— CNBC’s Hakyung Kim and Alex Harring contributed to this report.



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