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Asia-Pacific stocks set to slide; investors await Chinese industrial profits data for August

SINGAPORE — Shares in Asia-Pacific appeared set to commerce decrease on the Monday open, with China’s industrial earnings knowledge for August set to be out later within the day.

Futures pointed to a decrease open for Japanese shares. The Nikkei futures contract in Chicago was at 30,155 whereas its counterpart in Osaka was at 30,040. That in contrast in opposition to the Nikkei 225’s final shut at 30,248.81.

Australian shares additionally appeared poised to slide, with the SPI futures contract at 7,304, in opposition to the S&P/ASX 200’s final shut at 7,342.60.

Chinese language industrial earnings knowledge for August is about to be launched at 9:30 a.m. HK/SIN on Monday.

Buyers will even proceed to look at for developments surrounding China Evergrande Group, because the embattled developer continued to stay silent on its $83 million dollar bond interest payment that was due Thursday.

Inventory picks and investing traits from CNBC Professional:

Elsewhere, early projections on Sunday pointed to a knife-edge result in Germany federal elections because the nation appears to be like for a successor to Angela Merkel, who’s making ready to depart workplace after 16 years in energy.

The euro final sat at $1.172, following its bounce final week from beneath $1.17.

Currencies

The U.S. dollar index, which tracks the dollar in opposition to a basket of its friends, was at 93.292 following its climb late final week from beneath 93.2.

The Japanese yen traded at 110.74 per greenback, having weakened final week from beneath 110 in opposition to the dollar. The Australian dollar modified arms at $0.7262 following its slide late final week from above $0.729.


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