Pedestrians cross an intersection in Shibuya Ward, Tokyo, Japan, Tuesday, April 25, 2023.
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Asia-Pacific markets are expected to open lower after the S&P 500 index retreated from its all-time record above 5,500 points on Thursday.
Investors in the region will assess Japan’s May inflation data after headline interest rates rose to 2.8%, up from 2.5% in April.
Core inflation, which excludes fresh food prices, was 2.5%, lower than expected. A Reuters poll of economists expected core inflation to be 2.6% in May, compared with 2.2% in April.
Australia’s S&P/ASX 200 index futures were at 7,766 points, slightly lower than the last closing price of 7,7690.4 points.
Japan’s Nikkei 225 Index Futures were mixed, with the Chicago futures contract at 38,675 points and the Osaka futures contract at 38,600 points, while the previous closing price was 38,633 points.
Hong Kong Hang Seng Index futures were at 18,202 points, lower than the Hang Seng Index’s last closing point of 18,335.32 points.
The US S&P 500 index closed down 0.25% after hitting a new high overnight. The Nasdaq fell 0.79% and the Dow Jones Industrial Average rose 0.77%. Chipmaker Nvidia fell 3.5% after rising earlier in the session.
—CNBC’s Samantha Subin and Brian Evans contributed to this report.
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