Asia markets set to open higher after Wall Street gains as investors look past government shutdown

1 month ago 15

Skyline of Tokyo, Japan.

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Asia-Pacific markets were acceptable to unfastened mostly higher Friday, tracking Wall Street gains arsenic investors shrugged disconnected the U.S. authorities shutdown.

Investors are waiting to spot however agelong the shutdown volition past to measure the gravity of its economical repercussions. Historically, authorities shutdowns successful the U.S. person not been market-moving events.

Japan's September manufacturing purchasing managers' scale speechmaking volition beryllium released aboriginal successful the day.

The country's benchmark Nikkei 225 scale was acceptable for a higher open, with its futures declaration successful Chicago trading astatine 45,130, portion its counterpart successful Osaka past traded astatine 45,050, against the index's Thursday of 44,936.73.

Australia's ASX/S&P 200 was poised for a higher open, with its futures declaration trading astatine 8,968, against the index's Thursday adjacent of 8,945.9.

Hong Kong's Hang Seng Index was acceptable to unfastened somewhat lower, with its futures declaration trading astatine 27,273, against the index's erstwhile adjacent of 27,287.12.

Chinese and South Korean markets were closed for holidays.

U.S. equity futures were small changed successful aboriginal Asian hours aft the 3 starring U.S. indexes closed astatine grounds highs.

Overnight, the S&P 500 inched up 0.06%, portion the Dow Jones Industrial Average climbed much than 78 points, oregon astir 0.2%. The Nasdaq Composite rose astir 0.4%, powered by a 0.9% summation in Nvidia that propelled the chipmaker to an all-time high. Other chipmakers besides gained ground, with Intel and AMD each rising much than 3%.

The U.S. authorities shutdown has led the Labor Department to intermission each activity, including the scheduled Friday merchandise of the September nonfarm payrolls report. While that volition trim the magnitude of economical information the Federal Reserve tin origin into its involvement complaint determination astatine its October meeting, it also removes a factor that could lend unit to stocks.

— CNBC's Pia Singh and Sean Conlon contributed to this report.

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