Asia markets set to open higher after World Bank raises regional growth forecast

4 weeks ago 16

In 2025, the median rent for a 1-bedroom successful Hong Kong is $2,421.

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Asia-Pacific markets were acceptable to unfastened higher Wednesday, breaking ranks from Wall Street losses, aft the World Bank raised the region's maturation forecast Tuesday.

That comes aft a summertime that saw U.S. tariff-led uncertainty stone the planetary economy.

Japan's benchmark Nikkei 225 scale was acceptable for a higher open, with its futures declaration successful Chicago trading astatine 48,070, and its counterpart successful Osaka astatine 48,080, against the index's past adjacent astatine 47,950.88.

Australia's ASX/S&P 200 fell 0.22%.

Futures for Hong Kong's Hang Seng index stood astatine 27,165, higher than its past adjacent of 26,957.77.

Mainland China and South Korean markets are closed for the holidays.

The Bank of Thailand and Reserve Bank of New Zealand are acceptable to merchandise their argumentation decisions aboriginal successful the day.

Overnight successful the U.S., the 3 large averages closed lower. The S&P 500 struggled Tuesday, bogged down by a driblet in Oracle shares arsenic investors interest astir the profitability of the artificial quality trade. Wall Street besides looked for much developments retired of Washington with the U.S. authorities shutdown successful its 2nd week.

The wide marketplace scale pulled backmost 0.38% to adjacent astatine 6,714.59, snapping a 7-day winning streak, portion the Nasdaq Composite fell 0.67% to decorativeness astatine 22,788.36. The Dow Jones Industrial Average fell 91.99 points, oregon 0.2%, to extremity astatine 46,602.98.

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

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