Life Buzz News

Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs


Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs

This is CNBC's live blog covering Asia-Pacific markets.

Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500Nasdaq Composite reach new record highs.

Investors assessed trade data out of South Korea, which showed a trade surplus of $6.6 billion in September, the same as the prior month.

On Wall Street, the broad market S&P climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22, ending the session above the 43,000 mark for the first time.

The popularity of anime -- or animation produced in Japan -- has boomed in recent years, and several global entertainment companies are leading in, according to Jefferies.

"Many companies are now positioning anime-related businesses as core to their growth strategies," the investment bank's analysts said in an Oct. 9 equity research note.

Looking ahead, they expect the market to double from $31.2 billion in 2023 to $60.1 billion by 2030, based on estimates from Grand View Research.

CNBC Pro subscribers can click here to read more on three stocks Jefferies expects to benefit.

It is still too soon to dismiss rising inflation risks, according to Deutsche Bank macro strategist Henry Allen.

In a Monday note, Allen shared five reasons why he believes inflation risks are still mounting:

The chipmaker last traded around $137 per share. The stock is still below its intraday all-time high of $140.76, which was set in June 20.

Previous articleNext article

POPULAR CATEGORY

corporate

8755

tech

9864

entertainment

10637

research

4835

misc

11384

wellness

8306

athletics

11222