Asia-Pacific markets are set to open lower as investors await a slew of China data
This is CNBC’s live blog covering Asia-Pacific markets.
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.
Stocks close lower Thursday
U.S. stocks ended lower on Thursday.
The S&P 500 slipped 0.21%. The 30-stock Dow Jones Industrial Average dropped 68.42 points, or 0.16%, while the Nasdaq Composite fell 0.89%.
— Hakyung Kim
Oil headed for fourth straight weekly gain
WTI Crude prices are up around 2.8% week to date, putting it on track for its fourth straight week of gains for the first time since July 1, 2024 and the subsequent four-week win streak.
Brent crude has climbed 1.9% this week and is also on pace for four consecutive weeks higher.
— Hakyung Kim
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