Asia Pacific Markets Mixed despite US Tech Rally

Asia Pacific stock markets had a mixed trading session on Tuesday (12 Sep) morning as U.S. tech stock index NASDAQ rallied last night.

Japan’s NIKKEI is leading the gain by 0.6% to 32,650. Taiwan’s TWII is following by 0.4%, moving the index up to 16,500.

Meanwhile, Hong Kong’s HSI leading the loss by 0.6%, dropping the index under 18,000. South Korea’s KOSPI is also falling by 0.5% to 2,550. Malaysia’s KLSE falls as well, by 0.4% to 1,450, while other indices have a lesser losses and gains.


On the other hand, US Futures has been rallied last night, pushing the S&P 500 Futures over 4,530 and NASDAQ Futures over 15,660 due to the 10% rally on TESLA after JP Morgan upgraded the stock view on the potential AI Taxi, and the over 1.5 time target price setting at $400 from the current $250 per share.

Furthermore, US Dollar Index (DXY) Futures has fallen to 104.5 after reaching over 105 last week, strengthen the other currencies pairs. Meanwhile, WTI crude oil has been trading at $87.6, while Brent is almost at $91 per barrel. Gold is around $1,946 per Troy ounce.