SINGAPORE – Asia-Pacific shares are set to trade mixed on Friday ahead of data from China, including GDP and retail sales numbers.
The Nikkei futures contract in Chicago was at 26,770, while its counterpart in Osaka was at 26,690. Compared to Nikkei 225’s Closed at 26,643.39.
uniqlo-owner rapid retail sales was posted Record quarterly profit after Thursday’s closeReuters reported.
In Australia, SPI futures were at 6,489, lower than S&P/ASX 200Last closed at 6,650.6.
China is set to report its GDP for the second quarter along with other data such as industrial production and retail sales.
According to a Reuters poll of analysts, the growth rate is expected to rise 1% compared to the same period a year ago. This will be the weakest GDP print since the first quarter of 2020 when the Covid pandemic first hit.
A Reuters poll said industrial production is expected to grow 4.1%, while retail sales look flat.
Separately, bank and real estate stocks in China were hit on Thursday as home buyers boycotted mortgage payments for unfinished property projects.
The South China Morning Post reported late Thursday that the boycott had increased, Buyers of over 230 properties in 86 cities are not making mortgage payments.
Alibaba’s US-listed shares fell more than 4% overnight after the Wall Street Journal reported that company executives were called in by officials investigating the theft of police data.
US stock indices fell on Thursday following a disappointment in the bank’s earnings.
The Dow Jones Industrial Average fell 0.46%, or 142.62 points, to settle at 30,630.17, while the S&P 500 fell 0.3% to 3,790.38. The Nasdaq Composite ended 0.03% higher at 11,251.19.
currencies
US Dollar Indexwho tracks the greenback against a basket of his teammates, was last at 108.544.
Japanese yen After weakening further from 139 against the greenback on Thursday, traded at 138.96 per dollar. Australian Dollar was at $0.6754.
— CNBC’s Samantha Subin and Carmen Renicke contributed to this report.