Owngarden | Moment | Getty Images
Asia-Pacific markets were set to trade mostly higher Tuesday, tracking Wall Street gains boosted by tech stocks.
Japan’s benchmark Nikkei 225 was set to open higher and notch a second straight day of gains after the country’s Prime Minister Shigeru Ishiba announced his resignation Sunday. The futures contract in Chicago was at 43,975, while its counterpart in Osaka was at 43,980, against the index’s last close of 43,643.81.
“Investors are betting that the next leader from the ruling Liberal Democratic Party (LDP) could unleash a new wave of fiscal stimulus to bolster the economy,” XTB Investing’s senior market analyst Hani Abuagla wrote in a note.
Futures for Hong Kong’s Hang Seng index stood at 25,643, marginally higher than its last close of 25,633.91.
Australia’s benchmark S&P/ASX 200 was set to rise, with futures standing at 8,826, lower than the index’s close of 8,849.6.
Overnight stateside, the three major averages closed higher. The Nasdaq Composite closed at a record high as investors geared up for a data-heavy week that includes two closely watched readings on inflation.
The tech-heavy Nasdaq finished up 0.45% at 21,798.70, a record high after hitting a new all-time intraday high in the session. The S&P 500, meanwhile, settled up 0.21% at 6,495.15, while the Dow Jones Industrial Average rose 114.09 points, or 0.25%, to close at 45,514.95.
The move higher was led by a rise in shares of chipmaker Broadcom, which gained 3%, and artificial intelligence darling Nvidia, whose almost 1% advance reversed some of its steep losses from the past month. Amazon and Microsoft were also higher.
— CNBC’s Brian Evans and Sean Conlon contributed to this report.
