Asia-Pacific stocks set to open mixed as Wall Street bounces back

SINGAPORE – Shares in the Asia-Pacific region were set to open mixed on Wednesday, as Wall Street bounced back after a turbulent week last week. Investors will await the minutes of the Bank of Japan’s monetary policy meeting.

Futures in Japan pointed to higher openness. The Nikkei futures contract in Chicago was at 26,485, while its counterpart in Osaka was at 26,480 – higher. Nikkei 225’s Last closed at 26,246.31.

In Australia, SPI futures stood at 6,463, lower than S&P/ASX 200Last closed at 6,523.8.

Major indices in the US jumped on Tuesday after weeks of declines, The Dow Jones Industrial Average rose 641.47 points, or 2.15%, to 30,530.25, while the S&P 500 gained 2.45% to 3,764.79. The tech-focused Nasdaq gained 2.51% to 11,069.302.

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US Dollar IndexWhich tracks the greenback against a basket of his peers, last traded at 104.435.

Australian Dollar After falling from the level above $0.702 at the end of last week, it was at $0.6962.