An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024.
Nurphoto | Nurphoto | Getty Images
Asia-Pacific markets are set to open mixed on Tuesday, despite the Dow Jones Industrial Average on Wall Street reaching new highs.
The blue-chip index closed up 65.44 points, or 0.16%, at 41,240.52.
Traders in Asia will also look toward China’s year-to-date industrial profits as of July.
Late Monday, oil prices continued to rise after Israel and Hezbollah traded strikes over the weekend, with U.S. West Texas Intermediate crude climbing 3.5% to close at $77.42 per barrel and Brent crude up 3.05% at $81.43 a barrel, its highest in about two weeks.
Japan’s Nikkei 225 futures pointed to a weaker open for the market, with the futures contract in Chicago at 37,945 and its counterpart in Osaka at 37,930 compared to the previous close of 38,110.22.
Futures for Australia’s S&P/ASX 200 stood at 8,041, slightly lower than its last close of 8,084.5. The Australian index close to breaching its all-time high of 8,114.7 on Monday
Hong Kong Hang Seng index futures were at 17,694, lower than the HSI’s last close of 17,798.73.
Despite the Dow’s gains overnight in the U.S., the S&P 500 and Nasdaq Composite both fell, losing 0.32% and 0.85% respectively.
—CNBC’s Lisa Kailai Han and Sarah Min contributed to this report.