Australia
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Asia-Pacific opens higher on Wednesday following gains on Wall Street Nasdaq Index Inflation surged to a record high after the November inflation report was in line with expectations.
Asian traders will assess Australian employment data for November, which is due to be released later in the day. A Reuters poll expected the country’s unemployment rate to rise to 4.2%, slightly higher than October’s 4.1%.
Australian S&P/ASX 200 Index It opened up 0.35%.
Japanese Nikkei 225 Index It opened up 1.4% and the Topix gained 1.1%.
South Korea’s Kospi opened 0.75% higher and the small-cap Kosdaq rose 1.5% as investors appeared to shrug off the country’s political turmoil.
Hong Kong Hang Seng Index Index futures were at 20,215 points, higher than the Hang Seng Index’s last closing point of 20,155.05 points. Hong Kong will release third-quarter industrial production data later today.
In the United States on Wednesday, relatively benign inflation data raised hopes that the Federal Reserve will cut interest rates next week.
The Nasdaq, which is dominated by technology stocks, rose 1.77% to close at 20,034.89 points, setting a record high and closing record.
vast market S&P 500 Index It rose 0.82% to close at 6,084.19 points. this Dow Jones Industrial Average The outlier fell 99.27 points, or 0.22%, to 44,148.56.
NVIDIA increased by more than 3%, while Tesla Shares rose nearly 6%, while several major companies also posted larger gains.
—CNBC’s Sean Conlon and Alex Harring contributed to this report.
