People
Maydays | Moment | Getty Images
Asia-Pacific markets were poised to open lower Tuesday, tracking losses on Wall Street, with investors awaiting a key U.S. inflation report for clarity on the Federal Reserve’s rate-cut path.
Investors will also assess the meeting between South Korean and U.S. presidents over fleshing out the trade deal framework announced last month that stipulated 15% tariffs on the Asian country’s exports to the U.S.
Japan’s Nikkei 225 was set to open lower, with the futures contract in Chicago at 42,670 while its counterpart in Osaka last traded at 42,530, against the index’s Monday close of 42,807.82.
Australia’s S&P/ASX 200 was set to start the day lower, with futures tied to the benchmark at 8,930, compared with the index’s last close of 8,972.40.
Futures for Hong Kong’s Hang Seng index stood at 25,711, pointing to a weaker open compared with the HSI’s last close of 25,829.91
China stocks will be in focus, after the mainland’s CSI 300 extended its gains for a fourth straight session, climbing more than 2% on Monday.
Shares in the Nasdaq Golden Dragon China Index — which captures Chinese stocks listed on the U.S. — ended Monday’s session higher despite losses in the key benchmarks on Wall Street.
U.S. equity futures were little changed in early Asia hours, as investors await Nvidia‘s earnings and reading of the U.S. Federal Reserve’s preferred inflation gauge.
Overnight stateside, all three key benchmarks fell with the tech-heavy Nasdaq down 0.22% at 21,449.29. The broad market S&P 500 traded 0.43% lower to settle at 6,439.32, while the 30-stock Dow Jones Industrial Average closed down 349.27 points, or 0.77%, at 45,282.47.
— CNBC’s Sean Conlon and Tanaya Macheel contributed to this report.