Momentum in the Japanese market is largely driven by the country’s technology and financial sectors.
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Asia-Pacific stock markets are set to open lower Wednesday, tracking losses on Wall Street as the US post-election rally stalled overnight.
Asian traders will assess the Japanese company’s goods data, which will be released later in the day. Economists polled by Reuters expected the price of corporate goods to rise an average of 3% for the month of October compared to last year, from 2.8% in September.
Japan Nikkei 225 futures pointed to a lower open for the market, with the futures contract in Chicago at 39,230 and its counterpart in Osaka at 39,250 compared to the previous close of 39,376.09.
Australia’s S&P/ASX 200 was down 1.2% at the open.
Hong Kong Hang Seng Index futures were at 19,631, lower than HSI’s last close of 19,846.88.
Overnight in the US, stocks fell with the tech-heavy Nasdaq and the S&P 500 snapping a five-day winning streak.
The Dow Jones Industrial Average fell 382.15 points, or 0.86%, to 43,910.98, while the S&P 500 fell 0.29% to close at 5,983.99. The Nasdaq Composite ended the session slightly lower at 19,281.40.
Small-cap stocks, which are expected to benefit from the return of Donald Trump as US president, were mostly under pressure, with the Russell 2000 sliding about 1.8%.
— CNBC’s Brian Evans and Alex Harring contributed to this report.
