Marina Bay Waterfront Central Business District skyline in Singapore on May 10, 2023.
Noor Photos | Noor Photos | Getty Images
Asia-Pacific shares fell on Tuesday, failing to track gains on Wall Street, as U.S. benchmarks hit record highs after President-elect Donald Trump picked his Treasury secretary.
Australian S&P/ASX 200 Index The trading price fell by 0.28% Monday’s all-time closing high.
Japanese Nikkei 225 Index It fell 0.82%, and the Topix fell 0.64%. Japan’s service industry PPI rose 2.9% Compared with the same period last year, it increased by 2.8% last month. The Kospi index fell 0.40% in the first hour of trading.
Hong Kong Hang Seng Index futures were at 19,245 points, higher than the Hang Seng Index’s last closing point of 19,150.99 points.
Traders in the Asia-Pacific region will be watching the release of Singapore’s manufacturing output for October. Reuters analysts expected annual growth of 2.2%, compared with September’s 9.8% gain.
In the United States, rising stocks pushed the Dow Jones Industrial Average, S&P 500 and Russell 2000 to new highs on Monday, as investors cheered Trump’s policies. Nomination decision Scott Bessent, founder of Key Square Group.
The blue-chip Dow Jones Industrial Average rose 440.06 points, or 0.99%, to 44,736.57 points. The S&P 500 rose 0.3% to close at 5,987.37 points. Both hit record highs, while the Dow also hit a new closing record. this Nasdaq Index It rose 0.27% to close at 19,054.84 points.
—CNBC’s Alex Harring and Hakyung Kim contributed to this report.
