Tokyo, Japan skyline with Tokyo Tower
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The Asia-Pacific market will open on Friday, with Walmart’s concerns about the economy catching attention after Wall Street’s forecasts were weak after the world’s largest retailers.
Japan’s Nikkei 225 futures indicate a low market opening rate. Chicago’s futures contract is 38,560, and its peers in Osaka ended up trading at 38,550, while the index’s Shanghai Stock Exchange is 38,678.04.
Hong Kong’s Hang Seng Index Futures was 23,051, up 22,576.98 from HSI’s last end.
Australia S&P/ASX 200 Trading is 0.18% higher.
Inflation rate in Japan It rose to 4% in January, reaching its highest level since January 2023. Core inflation (excluding fresh food prices) rose to 3.2%, surpassing Reuters’ expectations of 3.1%.
Investors will keep an eye on the yen, which is as high as $150.52 for more bets. Bank of Japan raises interest rates This year. The current trading price of this currency is 149.48.
Overnight in the United States, the three main averages were lower after reaching the S&P 500-point hit record for two consecutive days. Investors sold stocks of some popular companies after retail giant Walmart was weaker, raising concerns about the economic outlook.
this Dow Jones Industrial Average Loss of 450.94 points, or 1.01%, to 44,176.65. this S&P 500 Reduced by 0.43%, closing at 6,117.52, while Nasdaq Composite Materials It fell 0.47% to close at 19,962.36.
– Brian Evans and Sean Conlon of CNBC contributed to the report.
