Asian stock markets are expected to see slight gains on Tuesday after U.S. tech stocks boosted Wall Street. Futures suggest small increases in Japan’s Nikkei 225 and Australia’s S&P/ASX 200 indexes. However, Hong Kong markets remain flat as the city prepares for a major typhoon, which could disrupt flights and trading activity.

In the U.S., the S&P 500 hit a new record high for the 28th time this year. A key driver was Nvidia’s stock, which surged nearly 4% following its announcement to invest up to $100 billion in OpenAI. This investment will fund large-scale data centers powered by Nvidia’s advanced AI chips, designed to support OpenAI’s artificial intelligence models.

With major tech companies leading market gains, experts at Goldman Sachs advise investors to remain cautiously optimistic. While current market trends are strong, analysts warn against betting against large-cap tech stocks, which continue to dominate.

The bond market remained mostly steady, with U.S. Treasury yields rising slightly ahead of important economic updates later this week. These include inflation data and several government bond auctions. The U.S. dollar paused its recent climb, while gold prices reached a new record high. Meanwhile, the cryptocurrency market dipped slightly, with Bitcoin and Ether showing minor changes.

Several Federal Reserve officials are scheduled to speak this week, including Chair Jerome Powell. One new Fed Governor, Stephen Miran, called for faster interest rate cuts in his first major speech. On the other hand, other Fed leaders such as Alberto Musalem and Beth Hammack urged caution due to ongoing inflation concerns.

In Asia, Hong Kong is bracing for Super Typhoon Ragasa. The storm is expected to be one of the strongest in years and has already led to flight cancellations at Hong Kong International Airport. The typhoon may also delay the stock market debut of Zijin Gold International Co., potentially affecting what could be the largest IPO in months.

Over in China, the head of the People’s Bank of China said that any changes in the country’s interest rates will be based on domestic needs—not influenced by what the U.S. Federal Reserve does.

In the U.S., investor focus is shifting toward how long the Fed will tolerate higher inflation, especially going into 2026. Analysts at Morgan Stanley believe that if government policy continues to support economic growth and the Fed lowers interest rates, companies could see stronger revenue and profit growth than expected.

This week’s key inflation report is expected to show a small slowdown in price increases. The core personal consumption expenditures (PCE) index—a favorite inflation measure for the Fed—is predicted to rise 0.2% in August, down from 0.3% in July. Year-over-year, it’s likely to remain at 2.9%, still above the Fed’s long-term target.

Economists also anticipate slower growth in consumer income and spending for August, suggesting that while inflation may cool slightly, economic momentum is also easing.

**Market Snapshot:**

– **Stocks:**
Hang Seng futures are flat; Nikkei 225 futures up 0.4%; ASX 200 futures up 0.2%; S&P 500 futures unchanged

– **Currencies:**
U.S. dollar index down 0.2%; Euro steady at $1.1799; Japanese yen stable at 147.75 per dollar

– **Cryptocurrencies:**
Bitcoin down 0.1% at $112,967; Ether up 0.2% at $4,195

– **Bonds:**
U.S. 10-year Treasury yield rose to 4.15%

– **Commodities:**
Gold flat at $3,744.70 per ounce; Oil (WTI) unchanged

Investors are closely watching inflation data and central bank signals this week while global markets remain influenced by tech trends and weather-related disruptions in Asia.