Asia markets set for a mixed open after key Wall Street benchmarks clock worst day in 2 months

Asia markets set for a mixed open after key Wall Street benchmarks clock worst day in 2 months


SHANGHAI, CHINA – MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China.

Xiao Yang | Visual China Group | Getty Images

Asia-Pacific markets were set to open mixed Friday, after Wall Street benchmarks the Nasdaq Composite and S&P 500 suffered their worst day in nearly two months on downbeat Microsoft earnings forecast and Meta results.

Traders await a slate of economic data from the region, including third-quarter producer prices index reading from Australia and Caixin China manufacturing purchasing managers’ index for October.

Japan’s Nikkei 225 appeared set for a softer open, with the futures contract in Chicago at 38,470 and their counterpart in Osaka at 38,370 against the index’s last close of 39,081.25.

Futures for Hong Kong’s Hang Seng index stood at 20,432, pointing to a rebound from its last close at 20,317.33.

Australia’s S&P/ASX 200 kicked off trading 1% lower.

Overnight in the U.S., all three major indexes dropped.

The S&P 500 tumbled 1.86% to finish at 5,705.45 and the Nasdaq Composite lost 2.76% to close at 18,095.15 — both recorded their biggest one-day losses since Sept. 3. The Dow Jones Industrial Average declined 0.9% to end at 41,763.46.

That marked the final trading day of a choppy month on Wall Street, with the 30-stock Dow recording monthly losses of 1.3%, S&P 500 declining 1% and the Nasdaq slipping 0.5%.

—CNBC’s Hakyung Kim and Brian Evans contributed to this report.



Source

Shein’s embattled IPO signals mounting troubles for fast fashion giant
World

Shein’s embattled IPO signals mounting troubles for fast fashion giant

Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fast fashion giant Shein’s troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock. The e-commerce behemoth is now aiming for a Hong […]

Read More
South Korea’s Hybe opens China office amid hopes of a K-pop reversal from Beijing
World

South Korea’s Hybe opens China office amid hopes of a K-pop reversal from Beijing

The Hybe Building in Seoul, South Korea. Sopa Images | Lightrocket | Getty Images South Korea’s largest K-pop agency Hybe has established its first office in China — amid signs that Beijing is lifting its unofficial ban on K-pop shows. The agency behind global sensation BTS has been preparing to establish itself in China since last […]

Read More
Trump aims to exceed first term’s weapons sales to Taiwan, Reuters reports
World

Trump aims to exceed first term’s weapons sales to Taiwan, Reuters reports

The American flag, left, and the Taiwanese flag in Taipei, Taiwan, on Thursday, Feb. 22, 2024. I-Hwa Cheng | Bloomberg | Getty Images The United States plans to ramp up weapons sales to Taipei to a level exceeding President Donald Trump’s first term as part of an effort to deter China as it intensifies military pressure on the democratic island, according to two […]

Read More