Sydney Opera House Sydney, New South Wales, Australia.
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Asia-Pacific markets were set to open mixed on Thursday after Wall Street rose on rising expectations for Fed interest rate cuts and a rally in tech stocks.
Japanese benchmark Nikkei Stock Average The index is set to have a high bias, with Chicago futures trading at 50,155 and Osaka futures trading at 50,120, compared to Wednesday’s closing price of 49,559.07.
Australia’s ASX/S&P200 index rose 0.24%.
hong kong futures Hang Seng Index It noted that the index traded at a slightly lower opening price of 25,924 compared to the previous close of 25,928.08.
Investors are keeping an eye on South Korea’s future interest rate decision (which is expected to remain unchanged at 2.5%, according to a Reuters poll) and China’s industrial profits in the first 10 months of this year.
Overnight, major U.S. indexes rose for the fourth day in a row as expectations for a December interest rate cut by the U.S. Federal Reserve increased. Investors see an 85% chance of a quarter-point rate cut in December, up from 30% last week, according to the CME FedWatch tool.
Artificial intelligence player share oracle The stock rose more than 4% on Wednesday, pushing up the major averages after Deutsche Bank reaffirmed its bullish stance on the stock.
US time on Wednesday, the Dow Jones Industrial Average rose 314.67 points, or 0.67%, to end at 47,427.12. The S&P 500 rose 0.69% to close at 6,812.61, and the Nasdaq Composite Index rose 0.82% to close at 23,214.69.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
