Asia markets set for a mixed open on data-heavy day

Asia markets set for a mixed open on data-heavy day


An investor watching share prices at the securities trading floor of Asia Commercial Bank in Hanoi, Vietnam.

Hoang Dinh Nam | AFP | Getty Images

Asia-Pacific markets were set for a mixed open on Friday as investors awaited data from major economies across the region.

Japan is set to release industrial production figures, while China gears up to report its official purchasing managers index for May.

South Korea’s industrial production index rose 2.2% month-on-month in April on a seasonally adjusted basis, beating a Reuters poll expectation of a 1.1% rise.

Futures for Hong Kong’s Hang Seng index stood at 18,041, pointing to a lower open compared to the HSI’s close of 18,230.19.

Japan’s Nikkei 225 futures contract in Chicago was trading at 38,035 and its counterpart in Osaka at 38,110 against the index’s last close of 38,054.13.

In Australia, futures for the S&P/ASX 200 pointed to a higher open, at 7,705 compared to the last close of 7,628.2.

Overnight, Wall Street’s main indexes closed lower as investors looked ahead to the release of key U.S. inflation data.

The Dow Jones Industrial Average slid 330.06 points, or 0.86%. The S&P 500 lost 0.6%, while the Nasdaq Composite shed 1.08%.

The latest reading for the personal consumption expenditures price index will be released Friday, which is the Federal Reserve’s preferred gauge for inflation, and is expected to show prices in April running at a 2.7% annual rate, according to Dow Jones estimates.

— CNBC’s Alex Harring and Hakyung Kim contributed to this report.



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