Asia-Pacific markets were set to open higher Friday, after the White House said that U.S. President Donald Trump and China’s President Xi Jinping were set to hold talks next week.
U.S. Press Secretary Karoline Leavitt said Trump will leave for Malaysia late Friday and then travel to Japan and South Korea, meeting Xi next Thursday after speaking at the Asia-Pacific Economic Cooperation CEO Summit, Reuters reported.
Japan’s benchmark Nikkei 225
index was set for a higher open, with its futures contract in Chicago trading at 49,180 and its counterpart in Osaka at 49,020 against the index’s last close of 48,641.61. Japan’s core inflation rate accelerated to 2.9% in September, the first increase since May and in line with expectations from economists polled by Reuters.
This was higher than the 2.7% seen in August. The core inflation metric in Japan strips out the prices of fresh food but includes energy costs.
