Asia-Pacific markets set to trade mixed as investors monitor recession fears

A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020.

Toru Hanai | Bloomberg via Getty Images

SINGAPORE — Shares in the Asia-Pacific are poised to trade mixed on Monday as investors assess inflation and recession fears.

The Nikkei futures contract in Chicago and its counterpart in Osaka were both at 26,830. That compared against the Nikkei 225’s last close at 26,491.97.

In Australia, SPI futures were at 6,573, slightly lower than the S&P/ASX 200‘s last close at 6,578.7.

Russia defaulted on foreign-currency sovereign debt for the first time in more than 100 years, Bloomberg reported. The country’s central bank foreign reserves remain frozen.

In company news, is set to report its first-quarter financial results on Monday in the U.S. after the market close.

Later this week, China and Japan will be reporting Purchasing Managers’ Index data, while Hong Kong will commemorate the 25th anniversary of its handover. China’s President Xi Jinping is expected to visit Hong Kong for the occasion, state media Xinhua reported over the weekend.

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