View of the Skytree from Ueno and Asakusa in Tokyo<\/p>\n
Jackal Pan | Moment | Getty Images<\/p>\n
Asia-Pacific markets traded mixed Wednesday after key Wall Street benchmarks rose on easing U.S.-China trade tensions.<\/p>\n
Japan’s benchmark Nikkei 225<\/a> slipped 0.68%, giving up gains after four consecutive positive sessions. South Korea’s Kospi<\/a> rose 0.53%.<\/p>\n Australia’s benchmark S&P\/ASX 200 was flat.<\/p>\n Hong Kong’s Hang Seng Index<\/a> rose 0.96% while mainland China’s CSI 300 traded flat.<\/p>\n Wall Street rebounded after the U.S. and China reached a temporary truce on tariffs earlier this week. The development led to stocks surging with the Dow gaining more than 1,000 points Monday.<\/p>\n At current levels, however, Julius Baer strategists remain cautious, adding that the bank “does not share the prevailing optimism” regarding a quick resolution of the trade conflict.<\/p>\n “Even if new deals are announced, they are likely to involve complex conditions and protracted implementation timelines, making a full rollback of tariffs to pre-conflict levels unlikely,” the bank said in a Tuesday note.<\/p>\n Investors will be keeping an eye on Asian chip stocks after shares of Nvidia jumped following CEO Jensen Huang’s remarks that the company will sell more than 18,000 of its latest artificial intelligence chips<\/a>\u00a0to Saudi firm Humain, a new AI startup owned by the country’s Public Investment Fund.<\/p>\n U.S. stock futures were little changed as Wall Street looks to extend a strong start to the week. Futures tied to the\u00a0S&P 500<\/a>\u00a0were flat, as were\u00a0Nasdaq 100 futures<\/a>. Dow Jones Industrial Average<\/a>\u00a0futures added 30 points, or less than 0.1%.<\/p>\n Overnight stateside, the three major averages closed mixed. The\u00a0S&P 500<\/a>\u00a0rose, clawing back into positive territory for the year as investors extended the sharp gains seen in the previous session. The broad market index gained 0.72% to close at 5,886.55, while the\u00a0Nasdaq Composite<\/a>\u00a0climbed 1.61% to end at 19,010.08.<\/p>\n The\u00a0Dow Jones Industrial Average<\/a>\u00a0lagged, losing 269.67 points, or 0.64%, as a nearly 18% drop in shares of\u00a0UnitedHealth<\/a>\u00a0pressured the benchmark.<\/p>\n \u2014 CNBC’s Brian Evans and Yun Li contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"View of the Skytree from Ueno and Asakusa in Tokyo Jackal Pan | Moment | Getty Images Asia-Pacific…\n","protected":false},"author":2,"featured_media":99681,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[15193,4959,51,3085,2306,1395,32,2122,21347,2441,21349,15695,525,16,15,49],"class_list":{"0":"post-99680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-asia-economy","9":"tag-breaking-news-markets","10":"tag-business","11":"tag-business-news","12":"tag-chicago","13":"tag-china","14":"tag-donald-trump","15":"tag-japan","16":"tag-kospi-index","17":"tag-markets","18":"tag-nikkei-225-index","19":"tag-osaka","20":"tag-south-korea","21":"tag-uk","22":"tag-united-kingdom","23":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114503929246187060","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/99680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=99680"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/99680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/99681"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=99680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=99680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=99680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}