A public view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images)
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The Asia-Pacific market is set to open mixed on Wednesday, with futures for Hong Kong Hang Seng Index suggests a 4% rise for the index at the open.
HSI futures are at 19,763, compared to the index’s last close of 19,000.
The Chinese market rallied yesterday after the country’s central bank announced a slate of measures to support the economy, with the HSI seeing its best day in seven months, while the CSI 300 in mainland China recorded its biggest one-day gain in over four years.
Investors will be watching Australia’s inflation figures on Wednesday, with the consumer price index expected to increase 2.7% year-on-year, according to economists polled by Reuters.
Futures for Australia’s S&P/ASX 200 stood at 8,230, higher than the last close of 8,142.2. At this level, the index will pass the all-time closing high of 8,209.5.
In contrast, Japan Nikkei 225 futures indicated a weaker opening for the market, with futures in Chicago at 37,775 and its counterpart in Osaka at 37,630 compared to the previous close of 37,940.
Overnight in the US the S&P 500 rose to a new record on Tuesday, gaining 0.25% to 5,732.93, while the Dow Jones Industrial Average added 0.2%, also closing at a new record of 42,208.22.
The Nasdaq Composite added 0.56%, boosted by shares of chipmaker Nvidia.
Artificial intelligence shares of Nvidia rose nearly 4% after a regulatory filing showed that CEO Jensen Huang had completed a sale of the chip maker’s stock.
—CNBC’s Brian Evans and Hakyung Kim contributed to this report.
