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Japan stocks set to trade higher; mainland Chinese markets to reopen after Lunar New Year holiday

SINGAPORE — Stocks in Japan were set to trade higher at the Thursday open, as Asia-Pacific investors watch for movements in mainland Chinese stocks, which are set to return from the Lunar New Year holiday.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 30,380 while its counterpart in Osaka was at 30,420. That compared against the Nikkei 225’s last close at 30,292.19.

Shares in Australia declined in morning trade as the S&P/ASX 200 dipped around 0.1%.

Australia’s jobs data for January, including the unemployment rate for the month, is expected at around 8:30 a.m. HK/SIN.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.919 following a recent rise from levels below 90.3.

The Japanese yen traded at 105.86 per dollar, weaker than levels below 105.6 against the greenback seen earlier this week. The Australian dollar was at $0.7751 after seeing levels around $0.78 earlier in the trading week.

Here’s a look at what’s on tap:

  • Australia: Jobs data for January, including unemployment rate, at 8:30 a.m. HK/SIN

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