Employees work in the trading room at the headquarters of Mitsubishi UFJ Trust Bank on Tuesday, March 19, 2024 in Tokyo, Japan.
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Japanese stocks are set to rebound sharply on Tuesday after the Nikkei 225 and Topix fell more than 12% in the previous session. Futures data suggests broader Asia-Pacific markets will also recover.
Overnight in America, 30 stocks in the Dow Jones Index and S&P 500 Index It set the worst trading record since September 2022.
this Dow Chemical fell 1,033.99 points to close down 2.6%, while S&P 500 Index down 3%. this Nasdaq Index It fell 3.43% and is down 15% from the closing high.
Australia’s S&P/ASX 200 index futures were at 7,576 points, slightly lower than the previous closing point of 7,649.6 points.
Japan’s Nikkei 225 Index Futures opened higher, with the Chicago futures contract at 33,645 points and the Osaka futures contract at 33,370 points, compared with the previous closing price of 31,458.42 points. Japan’s Nikkei 225 index suffered its biggest drop since Black Monday in 1987.
Hongkong Hang Seng Index The futures index was at 16,781 points, lower than the Hang Seng Index’s last closing point of 16,698.36 points.
The Reserve Bank of Australia will announce the RBA cash rate later today, with economists expecting it to remain steady at 4.35%.
—CNBC’s Hakyung Kim, John Melloy and Sarah Min contributed to this report.
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