Asia-Pacific markets live updates: Australia inflation

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Asia-Pacific markets live updates: Australia inflation

The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022.

Steven Saphore | Anadolu Agency | Getty Images

Asia-Pacific markets are set to open mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records.

Traders in Asia will assesses monthly consumer price index figures out of Australia, set for release later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September.

Australia’s S&P/ASX 200 opened to trade up 0.45%.

Japan’s Nikkei 225 futures pointed to a lower open for the market, with the futures contract in Chicago at 38,350 and its counterpart in Osaka at 38,330 compared to the previous close of 38,442.

Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI’s last close of 19,159.2.

In the U.S. on Tuesday, the blue-chip Dow advanced 123.74 points, or 0.28%, to a record close of 44,860.31, while the S&P 500 added 0.57% to a record 6,021.63. The Nasdaq Composite jumped 0.63% to 19,174.30.

The strong performance came after U.S. President-elect Donald Trump called for a 25% tariff on products from Mexico and Canada, as well as an additional 10% levy on ******** goods.

He has already said he would impose a tariff of up to 20% on all imports, and an additional duty of at least 60% on products from China.

According to one market analyst that spoke to CNBC, market participants appeared to look past Trump’s announcement as they either expect the taxes to not actually come to fruition, or they have already been priced in by traders.

— CNBC’s Samantha Subin and Alex Harring contributed to this report.

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