SINGAPORE – Futures in the Asia-Pacific pointed to lower openness in the region, while Wall Street recovered most of its losses from the close.
The Nikkei futures contract in Chicago was at 26,240, while its counterpart in Osaka was at 26,220. Compared to Nikkei 225’s Last closed at 26,423.47.
In Australia, SPI futures stood at 6,477, lower than S&P/ASX 200Last closed at 6,629.3.
US stock indexes initially fell sharply on Tuesday before rallying at noon. The Nasdaq Composite ended the session up 1.75% at 11,322.24, while the S&P 500 was up 0.16% at 3,831.39.
The Dow Jones Industrial Average fell 129.44 points, or 0.4%.
In central bank news, Bank Negara Malaysia is expected to release its monetary policy statement today. Analysts polled by Reuters It is expected that the bank will increase interest rates by 25 basis points.
currencies and oil
US Dollar IndexThe greenback, who tracks the greenback against a basket of his teammates, was last at 106.535, jumping down to 105.3.
Japanese yen It traded at 135.5 per dollar, having strengthened over 136 against the greenback on Tuesday. Australian Dollar It weakened to $0.6795 against the stronger US Dollar.
“The falling global economy is the main burden on the AUD,” Commonwealth Bank of Australia economist Christina Clifton wrote in a note on Wednesday.
In the morning trade of Asia, West Texas Intermediate Crude was up 1.5% at $100.99.
US oil benchmarks fell as much as 10% on Tuesday, breaking the $100 level, before settling 8.24% lower at $99.50 on bearish fears.
international benchmark crude oil It closed at $102.77 a barrel, down 9.45%, or $10.73.