Workers are processing chips at a workshop of an optoelectronic know-how firm in Huai’an, China, on May 11, 2024.
Costfoto | Nurphoto | Getty Images
Japan’s Nikkei 225 was set to rebound after main losses in Asia on Monday, with the futures contract in Chicago at 39,870 and its counterpart in Osaka buying and selling final at 39,670 towards the index’s earlier shut of 39,307.05.
Australia’s S&P/ASX 200 began the day up 0.31%, on tempo for a fourth day of positive aspects.
In distinction, futures for Hong Kong’s Hang Seng index final traded at 19,664, pointing to a weaker open in comparison with the HSI’s shut of 19,688.29.
Hong Kong-listed tech shares will probably be within the highlight after the U.S. Defense Department added Chinese tech big Tencent Holdings and battery maker CATL to a list of firms it calls “Chinese army firms.”
Tencent American depositary receipts fell virtually 8% in a single day.
In the U.S., the S&P 500 superior 0.55% and climbed alongside the Nasdaq, which gained 1.24% on the again of the tech rally.
However, the Dow Jones Industrial Average lagged, reversing earlier positive aspects and falling 0.06%.
— CNBC’s Pia Singh and Tanaya Macheel contributed to this report.
