5 days Ago
Asia-Pacific markets were set to mostly rise Thursday, breaking ranks with Wall Street which declined sharply after U.S. Federal Reserve Chair Jerome Powell cautioned that the ongoing trade tensions could challenge the central bank's goals on .
Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 34,100 while its counterpart in Osaka last traded at 33,990, against the index's Wednesday close of 33,920.40. Futures for Hong Kong's stood at 21,008 pointing to a weaker open compared to the HSI's last close of 21,056.
98. Meanwhile, futures tied to Australia's stood at 7,775, indicating a slightly higher open compared to its last close of 7,758.90.
U.S. given investors' concerns that a global trade would adversely impact economic growth in the country.
, stocks fell sharply after Powell warned that the trade tensions could impact the Fed's inflation and employment goals. The sell-off in Wall Street was also triggered by a 6.9% plunge in the artificial intelligence darling 's shares.
The lost 699.57 points, or 1.73%, closing at 39,669.
39. The dropped 2.24% to end at 5,275.
70, led down by the information technology sector. The pulled back 3.07% to close at 16,307.
16. The tech-heavy index ended the day about 19% off its closing high, sliding closer to bear market territory..
