Japan’s Nikkei 225 to keep moving above 50,000 as Trump meets Takaichi

Japan’s Nikkei 225 is expected to continue its record climb above the 50,000 mark on Tuesday as US President Donald Trump is set to meet newly minted Japanese Prime Minister Sanae Takaichi.

Futures signaled further gains for Tokyo stocks, with the Nikkei contract in Chicago at 50,700 and its Osaka counterpart at 50,520, compared with Monday’s close of 50,512.32.

Trump met Japanese Emperor Naruhito after arriving in Tokyo on Monday and will be the first foreign leader to hold talks with Takaichi since she took office.

Other Asia-Pacific markets are expected to open mixed on Tuesday, despite gains on Wall Street that saw all three major US indexes hit record highs at close.

Hong Kong Hang Seng index futures were at 26,534, higher than the HSI’s last close of 26,433.7.

of Australia S&P/ASX 200 started the day down 0.21%.

Overnight in the USA, on S&P 500 rose 1.23% to 6,875.16, its first ever close above the 6,800 level.

The Nasdaq Composite rose 1.86% to 23,637.46, supported by a rise in Nvidia and other chip stocks. The Dow Jones Industrial Average jumped 337.47 points, or 0.71%, to 47,544.59.

Key market catalysts loom this week, including Big Tech earnings, the Federal Reserve’s rate decision and a potential trade deal with China.

— CNBC’s John Meloy, Sean Conlon and Liz Napolitano contributed to this report.