Asia-Pacific markets were poised to track losses on Wall Street and open lower Wednesday as investors assessed rising global bond yields and the latest developments on the trade front.
Australia’s S&P/ASX 200 was set to start the day lower, with futures tied to the benchmark at 8,841, compared with the index’s Tuesday close of 8,900.60.
The country’s GDP reading for the second quarter ended June is expected later in the day. Economists polled by Reuters forecast a 1.6% expansion from the year before, compared to the 1.3% posted in the previous quarter ended March.
Japan’s Nikkei 225 was also on course to open lower, with the futures contract in Chicago at 42,080 while its counterpart in Osaka last traded at 42,180, against the index’s last close of 42,310.49.
Futures for Hong Kong’s Hang Seng index stood at 25,445, pointing to a weaker open compared with the HSI’s last close of 25,496.55.
