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Asia-Pacific markets were set to climb Wednesday, after all three key benchmarks on Wall Street advanced overnight on optimism that U.S.-China trade tensions could ease.
This comes after U.S. President Donald Trump indicated that final tariffs on Chinese exports to the U.
S. " ." However, he added that the duties "won’t be 0%.
" Trump also said he has " " to fire Federal Reserve chair Jerome Powell before his term ends, alleviating investors' concerns over the central bank's independence. Japan's benchmark was set to open higher, with the futures contract in Chicago at 35,410 while its counterpart in Osaka last traded at 34,820, against the index's Tuesday close of 34,220.60.
Futures for Hong Kong's stood at 21,772 pointing to a stronger open compared to the HSI's last close of 21,562.32. Australian markets were also set to open higher, with futures tied to the last seen at 7,936, compared to the index's last close of 7,816.
70. U.S.
after Trump's comments on not planning to remove Powell from his post as central bank chair. , stocks rebounded from steep declines in the previous session, as investors cheered the possibility of easing U.S.
-China trade tensions. The rose 1,016.57 points, or 2.
66%, to close at 39,186.98. The gained 2.
51% and settled at 5,287.76, while the rose 2.71% to end at 16,300.
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