Asia Pacific stocks to open lower after Wall Street sell-off

SINGAPORE — Asia-Pacific stocks are expected to open lower on Monday after a sell-off on Wall Street on Friday.

The Chicago Nikkei futures contract was at 26,705 while its Osaka counterpart was at 26,710. This compares to the last close of the Nikkei 225 at 27,105.26.

Markets in Australia and New Zealand are closed on Monday for a public holiday.

U.S. stock futures were slightly down after a sell-off on Friday as the Dow Jones Industrial Average fell more than 900 points. The S&P 500 closed down 2.8% at 4,271.78, its worst day since March. The Nasdaq Composite slipped 2.6% to 12,839.29.

On the economic data front, Singapore is expected to report consumer price inflation.

Chinese telecoms company ZTE and South Korea’s Hyundai Motor are due to announce their results on Monday.

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The US Dollar Index, which tracks the greenback against a basket of its peers, came in at 101.107.

The Japanese yen weakened and last traded at 128.67 per dollar. It surpassed 129 last week before strengthening slightly. The Australian dollar was at $0.7238.

US crude futures were down 1.37% early Monday to trade at $100.67 a barrel. International benchmark Brent crude futures fell 1.36% to $105.20 a barrel.

https://www.cnbc.com/2022/04/25/asia-markets-earnings-currencies-in-focus.html Asia Pacific stocks to open lower after Wall Street sell-off

Chrissy Callahan

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