Australia
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Asia-Pacific markets jumped on Tuesday as investors monitor the latest developments in the Iran war and as U.S. President Donald Trump looks to delay his meeting with Chinese President Xi Jinping by “a month or so.”
Trump was expected to travel to China at the end of March.
International benchmarkBrent crudefutures lost 2.84% to end at $100.21 per barrel on Monday, while U.S.West Texas Intermediatefutures dropped 5.28% to $93.50. Brent was last up 1% at $101.58 per barrel and WTI had advanced 2% to $95.47.
Australia’sS&P/ASX 200 added 0.27%. Australia central bank is expected to raise rates for a second straight time, pushing its key policy rate to 4.1%, highest since April 2025. according to Reuters estimates.
Japan’s Nikkei 225 added 0.75%, while the Topix jumped more than 1%. South Korea’s Kospi rose 2.94%, while the small-cap Kosdaq added 1.53%.
Memory makers SK Hynix and Samsung Electronics rose over 3% and 4%, respectively. This comes after Nvidia CEO Jensen Huang said he expects purchase orders between Blackwell and Vera Rubin chips to reach $1 trillion through 2027 at Nvidia’sannual developer conference on Monday.
Hong Kong Hang Seng index futures were set at 25,894, compared with the index’s last close of 25,834.02.
Stock futures were flat after the major averages bounced overnight in light of cooling oil prices.
Futures tied to theDow Jones Industrial Averagelost 46 points, or 0.1%.S&P 500 futuresslipped 0.1%, whileNasdaq 100 futuresdeclined nearly 0.2%.
Overnight in the U.S., stocks rose while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest developments of the Iran war.
TheDow Jones Industrial Averageadded 387.94 points, or 0.83%, closing at 46,946.41. TheS&P 500rose 1.01% to end at 6,699.38, and theNasdaq Compositegained 1.22% and settled at 22,374.18.
Metashares gained more than 2% on a report — which the company has called “speculative” — that it isplanning to lay off more than 20%of its workforce. Additionally,Nvidiashares rose more than 1% as itsGTC conferencekicked off Monday.
—CNBC’s Sean Conlon and Pia Singh contributed to the report.
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