Asia markets set to track Wall Street gains with S&P 500 hitting a record high overnight
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Asia-Pacific markets are expected to rise, following Wall Street's gains, with the S&P 500 reaching a new record high. The S&P/ASX 200 in Australia rose 0.91% at open, while futures for Hong Kong's Hang Seng index indicate a stronger start. The Nikkei 225 is set to extend gains after Japan entered a technical recession. Mainland China markets are closed for the Chinese New Year holidays. Investors are awaiting the Singapore 2024 budget. In the US, the S&P 500 climbed 0.58% to close at a new record high, the Nasdaq Composite added 0.30%, and the Dow Jones Industrial Average traded 0.91% higher. Oil prices rallied on a weakening dollar after a weak demand forecast for 2024. Japan is seen as a major beneficiary of the artificial intelligence boom in Asia-Pacific.

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https://www.cnbc.com/2024/02/16/asia-markets-set-to-track-wall-street-gains-with-sp-500-hitting-a-record-high-overnight.html