The Sydney Opera House Sydney, New South Wales, Australia.
Gallo Images | Brand X Pictures | Getty Images
Asia-Pacific markets were set to open mixed Thursday, after Wall Street gained as Fed rate-cut hopes grew and tech stocks rebounded.
Japan's benchmark Nikkei 225 index was set for a higher open, with its futures contract in Chicago trading at 50,155, and its counterpart in Osaka at 50,120, against the index's Wednesday close of 49,559.07.
Australia's ASX/S&P 200 rose 0.24%.
Futures for Hong Kong's Hang Seng Index pointed to a slightly lower open, trading at 25,924, against the index's previous close of 25,928.08.
Investors will be watching for South Korea's interest rate decision later and China's industrial profits for the first 10 months of the year.
Overnight, the key indexes in the U.S. logged four straight days of gains on rising hopes for a Federal Reserve interest rate cut in December. Investors see an 85% chance of a quarter percentage point rate cut in December, compared to 30% last week, according to the CME FedWatch tool.
Shares of artificial intelligence player Oracle jumped more than 4% on Wednesday, boosting major averages after Deutsche Bank reaffirmed its bullish stance on the name.
On Wednesday stateside, the Dow Jones Industrial Average gained 314.67 points, or 0.67%, to finish at 47,427.12. The S&P 500 climbed 0.69% to settle at 6,812.61, while the Nasdaq Composite increased 0.82% to close at 23,214.69.
— CNBC's Sean Conlon and Pia Singh contributed to this report.
English (US) · 