The Nikkei 225 Future is trading at 22,610.00 with a loss of -0.09% percent or -20.00 point .The NSE Nifty Future is trading at 11,472.80 up with +0.48% percent or +54.40 point. The Hang Seng Future is trading at 28,247.00 up with +0.15% percent or +31.00 point.
TODAY’S FACTORS AND EVENTS
Asian stock markets largely started off with gains for the second day in a row early Wednesday, although Chinese indexes stumbled after Tuesday’s rally.
A day after near-3% bounces from multiyear lows, Chinese benchmarks were down slightly as the Trump administration confirmed it would impose 25% tariffs on $16 billion in Chinese imports later this month. The Shanghai CompositeSHCOMP, -1.27% was down 0.5% and the Shenzhen Composite 399106, -1.90% slipped 0.4%.
Hong Kong stocks eked out gains as a pair of notable IPOs launched. The Hang Seng Index HSI, +0.39% was up 0.1%, with tech and energy stocks leading the gains. Tencent 0700, +1.96% was up 1.5% while PetroChina 0857, +3.23% gained 2.6%. Meanwhile, China Tower was sticking around its IPO price in initial trading while Nasdaq-listed biotech BeiGene was off 3.2% as its secondary offering started trading.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 25,628.91 up with +0.50% percent or +126.73 point. The S&P 500 is trading at 2,858.45 up with +0.28% percent or +8.05 point. The Nasdaq Composite is trading at 7,883.66 up with +0.31% percent or +23.99 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,644.31 with a loss of -0.081% percent or -18.43 point. Hong Kong’s Hang Seng is trading at 28,352.65 up with +0.37% percent or +103.77 point. China’s Shanghai Composite is trading at 2,744.07 with a loss of -1.27% percent or -35.30 point. India’s BSE Sensex is trading at 37,877.02 up with +0.56% percent or +211.22 point at 12:15 PM.