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Asia markets set for lower open as traders assess Aussie business activity data, U.S. tech earnings

WorldAsia markets set for lower open as traders assess Aussie business activity data, U.S. tech earnings


An aerial view of the central business district and Sydney Opera House on February 17, 2023.

David Gray | Getty Images News | Getty Images

Futures for Australia’s S&P/ASX 200 stood at 7,952, slightly lower than their last close of 7,971.1. The country saw its private sector activity expand at a slower pace in July, with the composite purchasing managers’ index dropping to a six-month low of at 50.2 compared to 50.7 in June, according to Juno Bank.

Japan’s Nikkei 225 futures pointed to a weaker open for the market, with the futures contract in Chicago at 39,435 and their counterpart in Osaka at 39,430 compared to the previous close of 39,594.39.

Hong Kong Hang Seng index futures were at 17,474, just marginally higher than the HSI’s last close of 17,469.36.

Overnight in the U.S., the S&P 500 dipped 0.16% to close at 5,555.74, a day after it notched its best performance in more than a month.

The Nasdaq Composite inched down 0.06%, while the Dow Jones Industrial Average lost 0.14%.

—CNBC’s Alex Harring and Samantha Subin contributed to this report.



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