Asia pulls back from peaks even as U.S.’s Dow holds firm at record high

Global markets struggled for direction on Wednesday after a chaotic 24 hours that saw Wall Street touch historic levels while Asia-Pacific equities ￰0￱ to data from CNBC, ￰1￱ futures barely moved after Tuesday’s record session, reflecting tension between rising corporate profits and growing global ￰2￱ Dow Jones Industrial Average gained 57 points, or 0.12%, in early futures trading. S&P 500 futures ticked up by 0.17%, and Nasdaq 100 futures hovered slightly above the ￰3￱ had ended with the Dow smashing through 47,000 during the session before closing just under it at a new ￰4￱ jump came after solid earnings earlier in the day, including a strong quarter from ￰5￱ drops while Intuitive pops in after-hours shake-up The after-hours session on Tuesday wasn’t ￰6￱ tumbled 6% after missing earnings estimates.

Meanwhile, Intuitive Surgical jumped 16% as traders reacted to its much stronger revenue and profit ￰7￱ two reactions stood out, setting the tone for how different sectors were being treated by investors looking for clear earnings ￰8￱ tech-heavy Nasdaq Composite closed slightly lower Tuesday as traders cooled on high-risk tech ￰9￱ S&P 500 stayed flat. A big reason? All eyes are now locked on Friday’s CPI report, one of the few datasets still scheduled during the ￰10￱ ￰11￱ release is expected to guide the next moves from the Federal Reserve, which is widely expected to cut the overnight borrowing rate by 25 basis points at its October meeting and possibly again in ￰12￱ the political side, President Donald Trump told reporters his meeting with Chinese President Xi Jinping “maybe won’t happen,” which instantly revived investor fears about more tariffs and fresh semiconductor risks tied to ￰13￱ crashes as Asia trades mixed Asia-Pacific markets gave a mixed performance as investors digested new Japanese trade data and adjusted to political ￰14￱ Nikkei 225 in Japan ended the day nearly flat at 49,307.79, while the Topix rose 0.52% to close at a new high of 3,266.43.

But the spotlight was on SoftBank , which sank over 10% before clawing back some losses to close down 5%. That came after its 8.5% rise on ￰15￱ was no official news tied to the ￰16￱ Korea was the ￰17￱ Kospi gained 1.56% to 3,883.68, its sixth straight day of gains and a fresh closing ￰18￱ Kosdaq, known for its smaller firms, rose 0.76% to ￰19￱ in the region, Hong Kong’s Hang Seng index fell 0.94% to close at 25,781.77. Notably, shares of Pop Mart, the toymaker behind the viral Labubu dolls, were up 2.4% after reporting a 250% surge in third-quarter revenue on ￰20￱ Mainland China, the CSI 300 ended down 0.33% at 4,592.57. Australia’s S&P/ASX 200 slipped 0.71% to 9,030.

Indian markets were shut for Diwali. Japan’s exports in September offered a rare upside ￰21￱ rose 4.2% year over year, breaking a four-month streak of ￰22￱ to Asia were up sharply, helping offset falling sales to the ￰23￱ in Europe, the Stoxx 600 was 0.2% lower as of mid-morning in ￰24￱ DAX in Germany fell 0.3%, Italy’s FTSE MIB dropped over 0.6%, and France’s CAC 40 declined 0.7%. ￰25￱ were the only ones showing any real optimism, with the FTSE 100 climbing over 0.7%. Barclays was one of the few gainers in ￰26￱ British bank hiked its full-year outlook and announced a £500 million ($667 million) stock buyback in its latest ￰27￱ shares gained almost 4% on the ￰28￱ the U.

K., September’s inflation held steady at 3.8%, beating expectations that it would climb ￰29￱ added more pressure to the market outlook, especially with bond yields already feeling ￰30￱ equities continue to react to earnings and headlines, the next big trigger is Friday’s inflation report, which traders hope will give the Fed ￰31￱ then, it’s a waiting game across every market from Tokyo to New ￰32￱ $50 free to trade crypto when you sign up to Bybit now