Dow Jones and S&P 500 futures are trading 0.34% and 0.44% higher early Wednesday at press time, but markets across Asia are in red.
Japan’s Nikkei 225 index is trading 0.02% lower at press time after opening the day marginally higher. Top bank stocks and airlines are leading the decline. The industrial production for Japan grew 1% month-over-month in August missing the consensus of 1.7%.
China’s Shanghai Composite index has shed 0.50% at publication time led by a decline in energy, consumer discretionary, and financials. Investors will be watching September’s Consumer Price Index and Producer Price Index due late Wednesday.
Hong Kong’s Hang Seng index is trading 0.16% lower led by financials and real estate shares. No major economic events are due on Wednesday.
Australia’s S&P/ASX 200 index has declined 0.13% at press time as financial and industrial stocks drag the index lower. It’s a rich day for Australia’s economic data with inflation and unemployment numbers in focus late Wednesday. Reserve Bank of Australia Governor Philip Lowe is due to speak as well.
India’s Nifty 50 index is trading 0.74% lower led by bank and technology stocks. Wholesale Price Index data for September is due for release Wednesday.
South Korea’s KOSPI index has shed 0.68% after the Bank of Korea kept the interest rates unchanged at 0.50% on Tuesday. Korea’s September trade balance data is due late Wednesday.
U.S. Dollar index futures (USD measured against a basket of five major currencies) is trading flat at 93.547. Dollar has gained a marginal 0.02% against the Japanese Yen at 105.44 and 0.10% against the Chinese Yuan to 6.7387.
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