Nikkei 225, Hang Seng Index, CSI 300
Sydney Opera House Sydney, New South Wales, Australia.
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Asia-Pacific markets are set to open mixed on Thursday after Wall Street rose as hopes for a Fed rate cut rose and technology stocks rebounded.
Japan’s reference point Nikkei 225 The index is set for a higher open, with the futures contract in Chicago trading at 50,155 and its counterpart in Osaka at 50,120, versus the index’s Wednesday close of 49,559.07.
Australia’s ASX/S&P 200 rose 0.24%.
Hong Kong futures Hang Seng Index It traded at 25,924, indicating a slightly lower open compared to the index’s previous close of 25,928.08.
Investors will then watch South Korea’s interest rate decision (expected to remain unchanged at 2.5%, according to a Reuters poll) and China’s industrial profit for the first 10 months of the year.
Overnight, major indexes in the US posted gains for four consecutive days as hopes grew that the Fed would cut interest rates in December. Investors see the probability of a quarter-point rate cut in December at 85%, up from 30% last week. CME FedWatch tool.
Shares of the artificial intelligence player Seer It rose more than 4% on Wednesday, lifting major averages after Deutsche Bank reaffirmed its bullish stance on the name.
In the U.S. on Wednesday, the Dow Jones Industrial Average rose 314.67 points, or 0.67%, to finish at 47,427.12. The S&P 500 index closed at 6,812.61 points with an increase of 0.69 percent, and the Nasdaq Composite index closed at 23,214.69 points with an increase of 0.82 percent.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
