A row of trucks is parked outside a freight terminal in Yokohama, Japan, on Monday, December 4, 2023.
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Asia-Pacific markets were set to be mostly lower on Friday, reflecting Wall Street being hurt by falling stocks. Producer price inflation data higher than expected.
this producer price indexA measure of wholesale inflation rose 0.4% in November, above Dow Jones’ estimate of 0.2%. On an annual basis, PPI rose 3%, the largest increase in the 12 months to February 2023.
In Asia, investors awaited the Bank of Japan’s Tankan survey, which tracks business sentiment among the country’s largest companies and helps inform the central bank’s considerations in setting monetary policy.
India will also release wholesale inflation data for November later in the day. Economists polled by Reuters expected India’s wholesale inflation to fall to 2.2% from 2.36% in October. of the country Consumer inflation eased from 14-month high, That’s according to data released Thursday.
Thursday China Acknowledge recent policy shifts and highlight plans to promote growth after a meeting held after the Chinese stock market closed.
Hong Kong Futures Hang Seng Index The Hang Seng Index closed at 20,219 points, opening weaker than the Hang Seng Index closing at 20,397.05 points.
Japan’s benchmark Nikkei 225 Index The Chicago futures contract is at 39,840 and the Osaka futures contract is at 39,730, while the index last closed at 39,849.14.
Australian S&P/ASX 200 Index It opened down 0.74% that day.
All three major U.S. stock indexes fell overnight Dow Jones Industrial Average It fell 0.53%, falling for the sixth consecutive trading day.
The tech-heavy Nasdaq fell back from the 20,000 mark, down 0.66%, while the broader market S&P 500 Index down 0.54%.
—CNBC’s Sean Conlon and Hakyung Kim contributed to this report.
