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Cranes unload shipping containers from a vessel at the Port of Fremantle in Perth, Australia, on Monday, Aug. 26, 2013.
Sergio Dionisio | Bloomberg | Getty Images
Asia-Pacific markets are set to fall as Wall Street saw a pause in its market rally and the broad market index fluctuated near its highest closing levels since August 2022. Investors in the region also further assessed economic data that has been released this week.
China’s exports fell further than than expected and Australia’s central bank defied market expectations by delivering a 25 basis-point hike.
Australia stocks were headed for a lower open, with futures for the S&P/ASX 200 at 7,117, lower than the index’s last close of 7,118 ahead of the economy’s May trade balance later today.
In Japan, the Nikkei 225 is set to fall further, with the futures contract in Chicago at 31,875, and its counterpart in Osaka at 31,840 against its last close at 31,913.74.
Hong Kong’s Hang Seng index is also set to fall after a brief rally on Wednesday, with futures at 19,116 compared to the HSI’s close of 19,252.
India’s central bank is expected to announce its interest rate decision today, with economists polled by Reuters expecting the Reserve bank of India to hold rates at 6.5% for a second consecutive time.
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