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SHANGHAI, CHINA – The German Christmas market is illuminated at the central Bund Square near the Nanjing Road pedestrian street in Shanghai, December 15, 2022. (Photo credit should read CFOTO/Future Publishing via Getty Images)
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Asia-Pacific markets were mixed on Wednesday, with several indexes expected to close early ahead of the Christmas Eve holiday.
from Japan Nikkei 225 rose 0.14%, while the Topix traded around a flat line. South Korea’s Kospi added 0.2%, while the small-cap Kosdaq was down 0.2%.
that of Hong Kong Hang Seng Index futures were at 25,818, higher than the HSI’s last close of 25,774.14.
However, Australia S&P/ASX200 slipped 0.33%, ending a four-day winning streak.
Markets in Hong Kong and Australia are expected to close early.
Spot gold Prices hit a new record high on Wednesday, surpassing $4,500 an ounce for the first time, as sentiment took a hit due to dollar weakness, geopolitical tensions and rate cuts from the U.S. Federal Reserve.
Gold has hit a series of all-time highs this year, climbing more than 70% year to date.
Similarly, platinum also hit an all-time high of over $2,300 per ounce.
US futures were trading near the flat line in early Asian hours.
U.S. stocks rose for the fourth straight session overnight as artificial intelligence stocks continued to outperform during a holiday-shortened week.
THE S&P500 added 0.46%, closing at a record high of 6,909.79. The broad market index is now just below its all-time intraday high of 6,920.34.
THE Nasdaq Composite rose 0.57% to end at 23,561.84. Gains at tech giants Nvidia And Broadcomwhich increased by around 3% and more than 2% respectively, pushed the index higher. THE Dow Jones Industrial Average rose 79.73 points, or 0.16%, to 48,442.41.
—CNBC’s Fred Imbert, Sean Conlon and Pia Singh contributed to this report.
