Asia-Pacific stocks set for mixed open; Dow falls for third straight session

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SINGAPORE — Shares in Asia-Pacific looked set for a mixed start on Thursday, after the Dow Jones Industrial Average saw its third straight day of losses overnight on Wall Street.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,850 while its counterpart in Osaka was at 28,830. That compared against the Nikkei 225’s last close at 28,860.80.

Meanwhile, shares in Australia appeared poised to open little changed. The SPI futures contract sat at 7,272.0, against the S&P/ASX 200’s last close at 7,270.20.

Overnight stateside, the Dow dropped 152.68 points to 34,447.14 while the S&P 500 slipped 0.18% to 4,219.55. The Nasdaq Composite slipped roughly 0.1% to 13,911.75.

Those moves came ahead of U.S. consumer inflation data. The U.S. consumer price index for May, set to be reported at 8:30 a.m. ET Thursday, is expected to show headline inflation at 4.7% — the fastest pace since 2008.


The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.12 after recently bouncing from below the 90 level.

The Japanese yen traded at 109.61 per dollar, weaker than levels around 109.2 against the greenback seen earlier this week. The Australian dollar changed hands at $0.7729, having seen a recent drop from about $0.776.