Aerial view of a container ship leaving the Qingdao shipyard in eastern China’s Shandong province.
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Asia-Pacific markets were mostly set to rebound on Friday following an inflation-fueled sell-off in the previous session, as investors awaited a fresh batch of economic data from the region.
China’s March trade data will be released later in the day, and economists polled by Reuters expect exports to fall by 2.3% year-on-year. This follows a weaker-than-expected increase in inflation in the country on Thursday.
Singapore will also report first-quarter gross domestic product, which could be boosted by Taylor Swift’s Eras tour in March, a phenomenon known as the “Swift economy” .
The city-state’s central bank is also due to release a monetary policy decision on Friday. Unlike other countries, Singapore’s monetary policy uses exchange rates rather than benchmark interest rates.
South Korea’s unemployment rate rose to 2.8% in March, and investors awaited the Bank of Korea’s interest rate decision.
In Australia, futures S&P/ASX 200 Index The opening price was 7,820 points compared to the last closing price of 7,813.6.
Japan’s Nikkei 225 Index The Chicago futures contract was at 39,770 points, the Osaka futures contract was at 39,700 points, and the index’s last closing price was 39,442.63 points.
However, Hong Kong’s Hang Seng Index futures were quoted at 17,014 points, opening weaker compared to the Hang Seng Index’s closing point of 17,095.03 points.
U.S. technology stocks lifted the market overnight S&P 500 Index and Nasdaq Index Entering positive territory, both indices gained 0.74% and 1.68% respectively.
on the other hand, Dow Jones Industrial Average It fell 2.43 points, or 0.01%.
Nvidia rose 4.1%, while Amazon rose 1.7% intraday, hitting a record high. letter An increase of more than 2%.
apple Then it surged 4.3% Bloomberg News According to reports, the company will shift its Mac product line to chips focused on artificial intelligence. The iPhone maker had its best day since May 2023.
—CNBC’s Hakyung Kim and Samantha Subin contributed to this report.
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