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Bangkok, Thailand.
Pakin Songmor | Moment | Getty Images
Asia-Pacific markets are set for a mixed open after two out of three major U.S. indexes recorded a second straight week of losses, fueled by concern over the U.S. debt ceiling and disappointing economic data.
U.S. President Joe Biden and congressional leaders postponed a meeting set for Friday to the following week.
Stocks in Australia and Japan were set to rise, with futures for the S&P/ASX 200 at 7,274, higher than the index’s last close of 7,256.7. The Nikkei futures contract in Chicago was at 29,560, while its counterpart in Osaka was at 29,570 against the Nikkei 225’s last close at 29,388.30.
Hong Kong’s Hang Seng index looks set for a lower open, with contracts tied to the index at 19,421 compared to the HSI’s last close of 19,627.
Investors will also await Thailand’s gross domestic product for the first quarter, a day after the country’s opposition party secured a win in its general election, ending nearly a decade of conservative ruled backed by the military.
In the U.S., all three major indexes ended Friday lower, with the tech heavy Nasdaq Composite down 0.35%. The S&P 500 slipped 0.16% while the Dow Jones Industrial Average inched down 0.03%.
On a weekly basis, the S&P 500 and Dow fell for a second consecutive week, down 0.29% and 1.11%, respectively. The Nasdaq gained 0.4%.
— CNBC’s Brian Evans and Sarah Min contributed to this report
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