Asia-Pacific markets set to open lower as investors assess U.S.-Vietnam trade deal

Asia-Pacific markets were set to open mostly lower Thursday as investors await details on the U.S.-Vietnam trade agreement that President Donald Trump announced on Wednesday.

The U.S. is imposing a 20% tariff on goods imported from the Southeast Asian nation, while the latter will impose “ZERO Tariff,” Trump said on Truth Social.

This comes as the deadline for Trump's 90-day tariff reprieve draws closer.

Japan's benchmark Nikkei 225 was set to open marginally lower, with the futures contract in Osaka last trading at 39,740, against the index's last close of 39,762.48.

Australia's S&P/ASX 200 is similarly set for a lower open, with futures tied to the benchmark at 8,587 compared to its last close of 8,597.7.

Futures for Hong Kong's Hang Seng index stood at 24,174, lower than its last close of 24,221.41.

U.S. stock futures were little changed as traders braced for June's big jobs report in the U.S. S&P 500 futures and Nasdaq 100 futures were fractionally higher. Futures tied to the Dow Jones Industrial Average rose 21 points, or less than 0.1%.

Overnight stateside, the three major averages closed mixed. The S&P 500 scored a fresh all-time intraday high and closed at another record. The Nasdaq Composite advanced 0.94% and posted a record close of 20,393.13. The Dow Jones Industrial Average slipped 10.52 points, or 0.02%, and ended at 44,484.42.

S&P 500, Nasdaq close higher Wednesday

The S&P 500 and the Nasdaq Composite finished Wednesday's session in the green.

The broad market index rose 0.47% to close at 6,227.42, while the tech-heavy Nasdaq jumped 0.94%, finishing at 20,393.13. The blue-chip Dow Jones Industrial Average, meanwhile, dropped 10.52 points, or 0.02%, to end the day at 44,484.42.