Asia-Pacific markets set for positive open after Wall Street posts weekly loss

Asia-Pacific markets set for positive open after Wall Street posts weekly loss

People picnic on the green roof of Marina Barrage in Singapore on Oct. 10, 2022.

Roslan Rahman | AFP | Getty Images

Asia-Pacific markets are broadly set for a positive open Monday, ahead of a busy week of key economic releases in the region.

Japan’s Nikkei futures contract in Chicago was at 28,640, while its counterpart in Osaka was at 28,670 against the Nikkei 225’s last close of 28,564.37.

Investors will be closely watching the Bank of Japan monetary policy meeting later this week, the first led by new chief Kazuo Ueda.

In Australia, futures for the S&P/ASX 200 stood at 7,333, slightly higher than the index’s last close of 7,330.

Hong Kong’s Hang Seng index looks set to open lower, with futures tied to the index standing at 20,009, compared to its last close of 20,075.73.

Some Southeast Asian markets are closed today for a holiday, including Singapore, Malaysia and Indonesia. Singapore will see its inflation figures for March out on Monday.

Last week, all three major U.S. indices posted gains on Friday, but ended the week lower overall. On a weekly basis, the tech-heavy Nasdaq saw the biggest decline, falling 0.42%, while the Dow Jones Industrial Average fell 0.23% to snap a four-week win streak, and the S&P 500 slipped 0.1%.

— CNBC’s Samantha Subin and Hakyung Kim contributed to this report

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