People watch the city skyline from the observation deck of Bunkyo Center in Bunkyo Ward, Tokyo, on August 14, 2024.
Fang Philips | AFP | Getty Images
Asia-Pacific markets opened lower on Monday, tracking losses on Wall Street after a weaker-than-expected U.S. jobs report.
U.S. nonfarm payrolls rose by 142,000, below the 161,000 estimate by economists polled by Dow Jones. On the other hand, the unemployment rate fell slightly to 4.2%, in line with expectations.
Asian traders will assess Japan’s revised second-quarter GDP data and China’s consumer price index report on Monday. Japan’s second quarter GDP The annual growth rate was 2.9%, lower than the 3.2% expected by economists polled by Reuters and the advance figure of 3.1%.
China’s inflation rate is expected to increase at an annual rate of 0.7% in August, compared with 0.5% in July.
Australia’s S&P/ASX 200 index futures were at 7,883 points, lower than the previous closing point of 8,013.4 points.
Japanese Nikkei 225 Index The futures market opened softly, with the Chicago futures contract at 35,240 points and the Osaka futures contract at 35,150 points, while the previous closing price was 36,391.47 points. According to Osaka futures levels, the Nikkei is expected to open down 3.5%.
Hongkong Hang Seng Index The futures index was at 17,443 points, lower than the Hang Seng Index’s last closing point of 17,444.3 points.
On Friday, the S&P 500 posted its worst week since March 2023.
During Friday’s trading session, the Composite Index fell 1.73% and the Nasdaq fell 2.55%. The Dow Jones Industrial Average fell 1.01%.
—CNBC’s Samantha Subin and Pia Singh contributed to this report.
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