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Asia-Pacific stocks set for mixed start; Japan’s second-quarter GDP print ahead

SINGAPORE — Shares in Asia-Pacific looked set for a mixed Wednesday start, with Japan due to release its second-quarter GDP data.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 29,975 while its counterpart in Osaka was at 29,930. That compared against the Nikkei 225’s last close at 29,916.14.

Japan’s GDP print for the second quarter is set to be released at 7:50 a.m. HK/SIN on Wednesday.

Australian stocks appeared poised to dip, with the SPI futures contract at 7,503.0, against the S&P/ASX 200’s last close at 7,530.30.

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Overnight stateside, the Dow Jones Industrial Average dropped 269.09 points to 35,100 while the S&P 500 shed 0.34% to 4,520.03. The Nasdaq Composite advanced fractionally to 15,374.33.

The mixed moves stateside came as concerns over the potential economic hit of the delta variant weighed on investor sentiment, with Goldman Sachs downgrading its U.S. economic growth outlook over the weekend.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.512 following a recent climb from below 92.4.

The Japanese yen traded at 110.29 per dollar, weaker than levels below 109.8 seen against the greenback yesterday. The Australian dollar changed hands at $0.7386 after yesterday’s decline from levels above $0.744.


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