June 2023, a market in Tokyo.
Richard A. Brooks | AFP | Getty Images
Asia-Pacific markets opened mostly higher on Friday, breaking the gap with Wall Street, with the Dow Jones Industrial Average down more than 200 points and the S&P 500 retreating from record highs as the non-farm payrolls report approached.
Asian traders assessed household spending data outside Japan. Spending rose 2.9% in October from the previous quarter, beating the 0.4% increase expected by economists polled by Reuters. Household spending fell by 1.3% year-on-year in October, below expectations of 2.6%.
Australia’s S&P/ASX 200 index opened down 0.4%.
Japanese Nikkei 225 Index Futures showed that the market opened higher, with the Chicago futures contract at 39,405 points and the Osaka futures contract at 39,400 points, compared with the previous closing price of 39,395.60 points.
Hongkong Hang Seng Index Index futures were at 19,637 points, higher than the Hang Seng Index’s last closing point of 19,560.4 points.
About The Author
