Asia-Pacific markets are set to open lower as investors await a slew of China data

Asia-Pacific markets are set to open lower as investors await a slew of China data


Night view of the Lujiazui financial district in downtown Shanghai.

Yongyuan Dai | E+ | Getty Images

Asia-Pacific markets were set to open lower Friday as investors brace for a slate of economic data from China.

Australia’s S&P/ASX 200 traded flat at the open.

Japan’s Nikkei 225 futures pointed to a lower open for the market. The futures contract in Chicago was at 38,510 and its counterpart in Osaka last traded at 38,330 compared to the index’s previous close of 38,572.6. 

Hong Kong’s Hang Seng index futures last traded at 19,478, also weaker than the HSI’s previous close of 19,522.89. 

China is slated to report its industrial output and retail sales data for December, as well as fourth quarter GDP numbers. Reuters estimates China’s fourth-quarter GDP growth to come in at 5% year on year, compared with 4.6% in the previous quarter.

Investors will also be looking at Singapore’s non-oil exports data for December.

Overnight in the U.S., the major averages gave up gains from earlier in the day with the S&P 500 slipping to end a three-day winning streak as big tech shares pulled back.

The broad market index slid 0.21% to 5,937.34. The tech-heavy Nasdaq Composite dropped 0.89% to 19,338.29. The Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13.

—CNBC’s Hakyung Kim and Sarah Min contributed to this report.



Source

Why the end of ‘de minimis’ can hurt consumers — especially lower-income ones
World

Why the end of ‘de minimis’ can hurt consumers — especially lower-income ones

Containers are loaded and unloaded at Port Jersey Container Terminal in New Jersey, on May 1, 2025. Mostafa Bassim/Anadolu via Getty Images The Trump administration is scrapping the “de minimis” rule on Friday, a move likely to raise prices for consumers who buy inexpensive goods online and that may trigger near-term shortages for certain items, […]

Read More
Microsoft starts testing AI model that could escalate competition with OpenAI
World

Microsoft starts testing AI model that could escalate competition with OpenAI

Mustafa Suleyman, CEO of Microsoft AI, speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. David Ryder | Bloomberg | Getty Images Microsoft has largely relied on OpenAI’s artificial intelligence models to power AI features in its key products. It’s trying to lessen […]

Read More
S&P 500 rises to record as Nvidia results validate AI boom: Live updates
World

S&P 500 rises to record as Nvidia results validate AI boom: Live updates

Traders work on the floor of the New York Stock Exchange on July 30, 2025. Spencer Platt | Getty Images The S&P 500 reached new heights on Thursday as traders pored over Nvidia’s earnings results and forecast. Investors largely looked at the numbers as affirming the AI boom. The broad market index was last 0.2% […]

Read More