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Asia-Pacific markets are set to open lower on the penultimate trading day of 2024

Sunrise scene of downtown Seoul city skyline, aerial view of N Seoul Tower at Namsan Park in twilight sky in the morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea

Mongkol Chuewong | moment | Getty Images

Asia-Pacific markets opened lower on the penultimate trading day of this year, after Wall Street declined on Friday.

Australia S&P/ASX 200 traded 0.3% lower in its first hour of trading.

Japan’s Nikkei 225 futures indicated a weaker opening for the market, with the futures contract in Chicago at 40,210 compared to the index’s previous close of 40,281.16.

This week, traders await China’s manufacturing PMI on Tuesday, while markets will be closed on Wednesday for the New Year holiday.

US stocks fell on Friday, led by technology names, but major indexes still rose for the week.

The blue-chip Dow Jones Industrial Average fell 333.59 points, or 0.77%, to 42,992.21, falling for the first time in six sessions. U S&P 500 it fell 1.11% to 5,970.84. U Nasdaq Composite slid 1.49% to 19,722.03, as Tesla down about 5% and Nvidia fell 2%.

— CNBC’s Yun Li and Pia Singh contributed to this report.


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2024-12-29 23:40:00

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