Asia-Pacific stocks set for a low start after Wall Street fell

SINGAPORE – Shares of Asia-Pacific were set for a low start on Thursday after heavy losses on Wall Street overnight.

Futures point to lower openings for Japanese stocks. In Chicago, the Nikkei futures contract was at 26,225 and in Osaka it was at 26,290. Which compares to the Nikkei 225’s last 26,911.20. Japan’s trade data for April will be released on Thursday at 7:50 HK / SIN.

Australian stocks were also ready for a negative opening, with the SPI futures contract at 7,047, against the S & P / ASX 200’s last 7,182.70. Australian job information for April is expected to be released this morning at 9:30 HK / SIN.

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The main indicators on Wall Street have declined, with the Dow Jones Industrial Average closing at its lowest level since March 2021. The Dow fell 1,164.52 points, or 3.57%, to 31,490.07.

The S&P 500 fell 4.04% to 4,923.68, while the tech-heavy Nasdaq Composite fell 4.73% to 11,418.15.


The US dollar index, which tracks the greenback against a basket of its peers, was at 103.81 – the level below 103.5 seen earlier in the week.

The Japanese yen traded at 128.25 per dollar, stronger than the 129 level seen yesterday against the greenback. The Australian dollar was at 69 0.6965 after a recent fall from the level above 70 0.70.

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