Asia markets mostly poised to fall despite Wall Street tech rally

9 hours ago 3

Pedestrians are reflected successful a model arsenic physics boards show banal accusation astatine the Australian Securities Exchange, operated by ASX Ltd. connected Aug. 6, 2024 successful Sydney, Australia.

Lisa Maree Williams | Getty Images News | Getty Images

Asia Pacific markets were mostly acceptable to autumn Tuesday, breaking ranks from Wall Street, which saw a tech-fuelled rally stateside.

The rally followed Amazon shares rising 4% on a $38 cardinal deal with OpenAI, a determination that volition usage hundreds of thousands of Nvidia's graphics processing units. Nvidia besides gained astir 2% aft it secured export licenses to ship its chips to the United Arab Emirates.

Australia's S&P/ASX 200 started the time down 0.12% arsenic investors awaited the Reserve Bank of Australia's argumentation decision.

Futures for Hong Kong's Hang Seng index pointed to a little open, astatine 26,134, compared with the HSI's past adjacent of 26,158.36.

Japan's Nikkei 225, however, looked acceptable to rise. Futures traded successful Osaka were astatine 52,485, portion their counterparts successful Chicago were astatine 52,580, compared to the Nikkei's past adjacent astatine 52,411.34.

Overnight successful the U.S., the tech-heavy Nasdaq precocious 0.46%, portion the S&P 500 traded up 0.17%. The Dow Jones Industrial Average lagged, falling 0.48%.

— CNBC's Sean Conlon and Fred Imbert contributed to this report.

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