Asia-Pacific markets are mostly set to open lower as investors await key economic data from China

Asia-Pacific markets are mostly set to open lower as investors await key economic data from China


Drone point view of the Shanghai skyline at sunrise.

Aerialperspective Images | Moment | Getty Images

Asia-Pacific markets were set to take a breather after rallying in the previous session, as investors await key China data to assess the state of the world’s second largest economy.

China data, including new house prices, urban unemployment and retail sales figures for April, is due later in the day.

Russian President Vladimir Putin, who is on a two-day state visit to China, said at a press conference that discussions had been “warm and comradely” and had shown the importance of the two countries’ relationship. 

Singapore will also release its non-oil domestic export figures for April, with NODX expected to fall 10% year on year.

Futures for the S&P/ASX 200 point to a weaker open, at 7,875 compared to their last close of 7,881.3.

Japan’s Nikkei 225 was also set to fall, with the futures contract in Chicago at 38,620 and its Osaka counterpart at 38,530, against the index’s last close of 38,920.26.

Futures for Hong Kong’s Hang Seng index stood at 19,562, pointing to a stronger open compared to the HSI’s close of 19,376.53.

Overnight in the U.S., the Dow Jones Industrial Average closed slightly lower, after briefly jumping above 40,000 for the first time.

The blue-chip index hit a high of 40,051.05. It had neared the 40,000 mark earlier this year before a slight April pullback on worries over high interest rates.

During the session, the S&P 500 also climbed to a new record after closing above the 5,300 level for the first time ever on Wednesday. The tech-heavy Nasdaq also hit an all-time high.

The 30-stock Dow ended the day down 0.1% at 39,869.38. The S&P 500 fell 0.21%, while the Nasdaq Composite finished the day 0.26% lower.

— CNBC’s Tanaya Macheel and Lisa Kailai Han contributed to this report.



Source

British pound gains as UK-U.S. trade deal cuts autos, aviation tariffs
World

British pound gains as UK-U.S. trade deal cuts autos, aviation tariffs

Join CNBC for live updates on European markets. Source

Read More
How BP became a potential takeover target
World

How BP became a potential takeover target

The logo of British oil major BP. Sopa Images | Lightrocket | Getty Images For weeks, market tongues have been wagging about a potential merger between Britain’s oil giants — until, ending weeks of speculation, Shell on Thursday denied reports that it’s in talks to acquire BP. But how did we get to the point […]

Read More
Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks
World

Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks

U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via Reuters Canada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States, […]

Read More