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The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022.
Anadolu Agency | Anadolu Agency | Getty Images
Asia-Pacific markets are set to fall as banking fears were reignited on Wall Street, sending the three major U.S. indexes into a four day losing streak. Regional bank shares sold off, with the SPDR S&P Regional Bank ETF (KRE) dropping more than 5% and some banks seeing volatile trading.
In Australia, futures for the S&P/ASX 200 stood at 7,162, lower than its last close of 7,193.1.
The Reserve Bank of Australia will release a statement from its May meeting earlier this week, which will detail the central bank’s deliberations when it unexpectedly raised interest rates by 25 basis points to 3.85%.
Futures for Hong Kong’s Hang Seng index stood at 19,904, pointing to a lower open compared to its last close of 19,948.73.
China’s Caixin services purchasing managers index for April will be published later today, a day after the Caixin manufacturing PMI fell into contraction territory. Japan’s markets are closed for a holiday Friday.
Overnight in the U.S., the Dow Jones Industrial Average fell 0.86%, while the S&P 500 slid 0.72% and the Nasdaq Composite shed 0.49%. The Dow turned negative for the year on Thursday, pulling back 0.06% year to date.
— CNBC’s Hakyung Kim and Darla Mercado contributed to this report
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