Asia-Pacific markets poised to trade lower; Bank of Korea policy decision in focus

2 days ago 5

Sunset country of airy trails postulation speeds done an intersection successful Gangnam halfway concern territory of Seoul astatine Seoul city, South Korea

Mongkol Chuewong | Moment | Getty Images

Asia-Pacific markets were poised to commercialized little Thursday arsenic investors await the Bank of Korea argumentation decision.

Japan's Nikkei 225 was connected people to unfastened lower, with the futures declaration successful Chicago astatine 42,470 portion its counterpart successful Osaka past traded astatine 42,450, against the index's past adjacent of 42,520.27

Australia's S&P/ASX 200 was besides acceptable to commencement the time lower, with futures tied to the benchmark astatine 8,938, compared with the index's past adjacent of 8,960.5.

Futures for Hong Kong's Hang Seng index stood astatine 24,997, pointing to a little unfastened compared to the HSI's past adjacent of 25,201.76.

Attention volition crook to India's markets erstwhile they reopen pursuing Wednesday's vacation closure. Secondary U.S. tariffs of 25% connected Indian shipments kicked successful Wednesday, pushing wide duties connected the country's exports to 50%.

"The risks to maturation for the Indian system person people go much real," Barclays wrote successful a note. India's apical exports to the U.S., which are electrical machinery arsenic good arsenic gems and jewelry, look the largest tariff increases, said the bank. Its analysts, however, expect commercialized talks betwixt the Indian and U.S. delegations to continue.

Asian spot stocks volition besides beryllium successful the spotlight aft Nvidia reported better-than-expected earnings and gross connected Wednesday, and said income maturation this 4th volition stay supra 50%. The stock, which is up 35% this twelvemonth aft astir tripling successful 2024, slipped successful extended trading, however, arsenic information halfway gross fell abbreviated of estimates for the 2nd consecutive period.

Overnight, the 3 large benchmarks closed higher stateside. The S&P 500 ticked higher and ended the time up 0.24% astatine 6,481.40, mounting a caller all-time closing high. The Nasdaq Composite closed up 0.21% astatine 21,590.14, and the Dow Jones Industrial Average gained 147.16 points, oregon 0.32%, to decorativeness astatine 45,565.23.

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

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