Nikkei 225, Kospi, Hang Seng Index, Nifty 50

Asia-Pacific markets are set to open higher on Wednesday, bucking Wall Street declines after the United States and China traded blows in the renewed trade dispute.

US President Donald Trump on Tuesday criticized China for not buying soybeans, calling it an “economically hostile act.” As he threatened “Revenge” is like banning cooking oil.

“Volatility remains high, best explained by the tense relationship between the United States and China,” veteran investor Louis Navellier wrote in a note published on Wednesday.

Japan standard Nikki 225 The index is set for a higher open, with its Chicago futures contract trading at 47,165, and its counterpart in Osaka at 46,980, versus the index’s last close at 46,847.32.

In Australia, the ASX/S&P 200 index rose 0.93%.

Hong Kong Hang Seng Index It was scheduled to open higher, with futures trading at 25,763, versus the index’s previous close of 25,441.35.

Investors will be watching China’s inflation data for September, which will be released later in the morning.

Overnight in the US, the S&P 500 closed down 0.2% at 6,644.31 in a wild day that saw the index fall as much as 1.5% and gain 0.4% at its highs.

the Nasdaq Composite It fell 0.8% to 22,521.70, although at one point it was down as much as 2.1%. The Dow Jones Industrial Average closed up 0.4%, or 202.88 points, to 46,270.46 after rising nearly 1% at one point.

Chairman of the Federal Reserve Jerome Powell She indicated on Tuesday that the central bank is approaching the point at which it will stop reducing the size of its bond holdings, and provided a There are few hints that further interest rate cuts are in the works.

— CNBC’s Liz Napolitano and Fred Imbert contributed to this report.