Asia-Pacific markets set for mixed open as S&P 500, Nasdaq jump to record highs

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Asia-Pacific markets set for mixed open as S&P 500, Nasdaq jump to record highs
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The Nikkei 225 in Japan looked to open higher than its previous close, while in Australia, stocks were set for a lower open.

The Dow Jones Industrial Average rose 30.55 points, or less than 0.1%, to 35,366.26. The S&P 500 added 0.1% to a new closing high of 4,486.23. The Nasdaq Composite gained 0.5% to 15,019.80, also a new closing high.as investors gain more clarity on China's regulatory outlook and buy shares of names that have taken a beating lately.

"Markets are still basking in the glow of the Pfizer/BioNTech vaccine having received regulatory approval on Monday, which is paving the way for organisations to mandate vaccines for workers and thus lift vaccination rates higher," Tapas Strickland, director of economics and markets at the National Australia Bank, wrote in a note.

"China's delta outbreak also appears to be under control with two consecutive days of no new domestic cases ... while the PBoC vowed to boost credit support for smaller businesses and the real economy," he said.

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