A General 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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Asia-Pacific markets open higher on Wednesday, while futures for Hong Kong’s Hang Seng Index suggested a 4% rise for the index when trading starts.
HSI futures were at 19,763, compared to the index’s last close of 19,000.
Chinese markets rallied yesterday after the country’s central bank announced a slate of economic support measures, with the HSI seeing its best day in seven months, while mainland China’s CSI 300 recorded its largest one-day gain in over four years.
Investors will be watching Australia’s inflation numbers on Wednesday, with the consumer price index expected to post a 2.7% rise year on year, according to economists polled by Reuters.
Australia’s S&P/ASX 200 climbed 0.25%, rebounding from two straight days of losses.
Japan’s Nikkei 225 climbed 0.14%, but the broad-based Topix was down 0.17%.
South Korea’s Kospi was up 0.42%, while the small-cap Kosdaq rose 0.51%. South Korea on Wednesday announced its “Korea Value Up Index,” with trading set to start Sept. 30.
Overnight in the U.S. The S&P 500 rose to a fresh record on Tuesday, gaining 0.25% to 5,732.93, while the blue-chip Dow Jones Industrial Average added 0.2%, also closing at a new record of 42,208.22.
The Nasdaq Composite added 0.56%, powered by shares of chipmaker Nvidia.
Shares of artificial intelligence darling Nvidia climbed nearly 4% after a regulatory filing showed that CEO Jensen Huang wrapped up his sales of the chipmaker’s stock for the time being.
—CNBC’s Brian Evans and Hakyung Kim contributed to this report.