25 December 2024

People take photos in front of a Christmas lighting installation in central Seoul on December 22, 2023.

Jung Eun Ji | AFP | Getty Images

Asia-Pacific markets are set to open higher on Christmas Eve, after major US indexes rose overnight supported by gains in technology stocks.

Japan's Nikkei 225 futures indicated a stronger opening for the market, with futures in Chicago reaching 39,305 points and its counterpart in Osaka at 39,300, compared to the index's previous close at 39,161.34 points. The Bank of Japan is scheduled to release minutes from its meeting in October.

Hong Kong's Hang Seng futures stood at 19,924, higher than the HSI's last close of 19,883.13.

Australia Standard & Poor's/ASX 200 It traded slightly above the flat line on a short trading day.

Traders will be monitoring any developments related to the planned merger between Japanese automakers Nissan and Honda, which was announced on Monday. They have begun formal discussions To integrate, which paves the way for reward for creating The third largest automaker in the world by sales. Discussions are scheduled to end in June 2025.

Overnight in the United States, Stocks rose Strength in technology names helped the broader market.

the Standard & Poor's 500 It rose 0.73% to 5974.07. Heavy technology Nasdaq Composite It rose 0.98% to 19,764.89 points Tesla and Meta platforms He added more than 2% Nvidia It rose more than 3%.

the Dow Jones Industrial Average It erased its previous losses and ended the day up 66.69 points, or 0.16%, to 42,906.95.

Trading was thin on Monday and is expected to remain calm through the week. The New York Stock Exchange closes early Tuesday on Christmas Eve at 1 p.m. Eastern time, and the market is closed on Christmas Day.

— CNBC's Yun Li contributed to this report.

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