Asian markets edge up as Wall Street rally takes a breather
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Most Asia-Pacific markets advanced on Wednesday, despite Wall Street’s recent six-day rally coming to an end.
Japan’s Nikkei 225 lost 0.61% to close at 37,298.98, as data showed exports declined for a second straight month—signaling continued pressure from U.S. trade tariffs.
South Korea’s Kospi rose 0.91% to 2,625.58, while the Kosdaq gained 1.13%, ending at 723.62. Australia’s S&P/ASX 200 climbed 0.52% to finish at 8,386.8.In China, Hong Kong’s Hang Seng index added 0.45%, and the CSI 300 advanced 0.47% to 3,916.38. Investors are watching Indonesia’s central bank, expected to announce its latest policy stance later today. HSBC analysts believe weak GDP data and currency depreciation may prompt rate cuts as early as May.
Meanwhile, U.S. futures showed little movement after Wall Street dipped on Tuesday. The S&P 500 dropped 0.39%, ending its win streak at 5,940.46. The Nasdaq Composite slipped 0.38%, while the Dow Jones lost 0.27%, or 114.83 points. Big tech stocks led the decline, with Nvidia falling 0.9% and others like Apple and Microsoft also in the red.
South Korea’s Kospi rose 0.91% to 2,625.58, while the Kosdaq gained 1.13%, ending at 723.62. Australia’s S&P/ASX 200 climbed 0.52% to finish at 8,386.8.In China, Hong Kong’s Hang Seng index added 0.45%, and the CSI 300 advanced 0.47% to 3,916.38. Investors are watching Indonesia’s central bank, expected to announce its latest policy stance later today. HSBC analysts believe weak GDP data and currency depreciation may prompt rate cuts as early as May.
Meanwhile, U.S. futures showed little movement after Wall Street dipped on Tuesday. The S&P 500 dropped 0.39%, ending its win streak at 5,940.46. The Nasdaq Composite slipped 0.38%, while the Dow Jones lost 0.27%, or 114.83 points. Big tech stocks led the decline, with Nvidia falling 0.9% and others like Apple and Microsoft also in the red.