Sydney Opera House, Sydney, New South Wales, Australia.
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Asia-Pacific stock markets are set to fall sharply on Wednesday, influenced by Wall Street, as U.S. stock market gains continue to cool.
Asian investors will assess Australia’s February inflation data, the first since the country’s central bank said it was “not yet possible to rule out or exclude the possibility of further interest rate hikes”.
“Inflation has slowed but remains high,” the bank said.
China is also due to release industrial profit data on Wednesday.
this S&P/ASX 200 Index It opened the day just above flat, extending Tuesday’s gains.
In contrast, Japan Nikkei 225 Index Expected to extend losses from Tuesday, the Chicago futures contract was at 40,325 points and the Osaka futures contract was at 40,250 points, while the index’s last closing price was 40,398.03 points.
Hong Kong’s Hang Seng Index futures were at 16,569 points, opening weaker than the Hang Seng Index’s closing point of 16,618.32 points.
The three major U.S. stock indexes continued to slide overnight. S&P 500 Index It fell for the third day in a row, falling 0.28%.
The Dow Jones Industrial Average fell slightly, while the tech-heavy Nasdaq fell even more, down 0.42%.
Still, despite the recent pullback, the major indexes are on track for a fifth straight monthly gain, with the S&P rising more than 2% in March
—CNBC’s Lisa Kailai Han and Hakyung Kim contributed to this report
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