The sails of the Opera House are illuminated by projections during the opening night of Vivid Sydney 2023 on Friday, May 26, 2023, in Sydney, Australia.
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Asia-Pacific markets are set to open higher on Friday, extending Thursday’s gains, as Wall Street’s tech stocks continue to rally.
In Asia, investors will react India August inflation data On Thursday night, data showed that the consumer price index increased by 3.65% year-on-year, recovering from a five-year low. That was up from July’s revised 3.6% and exceeded the 3.5% forecast of economists polled by Reuters.
Australia’s S&P/ASX 200 index is set to rise and break through its all-time closing high of 8,114.7 points, with futures trading at 8,115 points, compared with the previous closing point of 8,075.7 points.
Japanese Nikkei 225 Index According to futures data, the Chicago contract price was 36,945 and the Osaka contract price was 36,660, compared with the previous closing price of 36,833.27.
Hongkong Hang Seng Index The futures index was at 17,294 points, higher than the Hang Seng Index’s last closing price of 17,240 points.
Mainland China’s CSI 300 index futures were at 3,176 points, slightly higher than the index’s last closing price, after touching a nearly six-year low of 3,172.47 points on Thursday.
In the U.S. stock market overnight, the S&P 500 index rose 0.75%, rising for four consecutive days. The Dow Jones Industrial Average rose 0.58%, and the Nasdaq rose the most, rising 1%.
Thursday is the last important data on the U.S. economy before next week’s Federal Reserve meeting. The U.S. producer price index rose 0.2% from the previous quarter, in line with Dow Jones’s expectations. On a year-on-year basis, the industrial producer price index (PPI) rose by 1.7%.
—CNBC’s Pia Singh, Jeff Cox and Sarah Min contributed to this report.
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