Aerial drone view of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo City, Japan at sunrise.
pongnathee kluaythong | Moment | Getty Images
Markets in Asia-Pacific were set to open mostly higher on Tuesday, tracking Wall Street’s gains on a tech rally fueled by the massive deal between Openai and AMDin one of the chipmaker giant’s most direct challenges Nvidia.
Investors in Asia will keep an eye on chip stocks in the region.
Japan Benchmark Nikkei 225 The index was forecast to open higher, with its Chicago futures contract at 48,705, and its Osaka counterpart at 48,590, versus the index’s close of 47,944.76.
Australia’s ASX/S&P 200 fell 0.18% in early trade, extending losses from the previous session.
Markets in China, Hong Kong and South Korea are closed for the holidays.
US Equity Futures were little changed in the early Asian hours on Tuesday after key benchmarks hit new record highs on Monday in the United States.
Overnight, the S&P 500 gained 0.36% to end the day at a new record high for the 32nd time this year. Meanwhile, the tech-heavy Nasdaq rose 0.71% to finish at 22,941.67, having notched its 31st high of 2025.
Shares of AMD skyrocketed nearly 24% to lift both indexes after the company announced a deal with OpenAI, which could see the latter take a 10% stake in the chipmaker.
The Dow Jones industrial average, however, fell 63.31 points, or 0.14%, to close at 46,694.97, weighed down by a decline in shares of Sherwin-Williams and Home Depot.
– CNBC’s Pia Singh, Sean Conlon and Fred Imbert contributed to this report.
A panel with the company logo is outside the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott…
At the halftime of "Monday Night Football", the Chiefs of Kansas City lead the Jacksonville 14-7 jaguars.Kansas City has its…
Jennifer Lopez is unstoppable with his children by his side. The singer "Let's Get Loud" released her 17 -year -old…
The president of the American room Mike Johnson, a republican of Louisiana, on the left; Russell Vought, director of the…
Companies like Starbucks, Paramount and Microsoft are among the latter to issue new requirements to return to the office, but…
Dua Lipa brought fans of all ages to Inglewood for his show closed at the Kia Forum on Sunday. The…