In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul.
Ed Jones | Afp | Getty Images
Asia-Pacific markets were set to rise early Friday in Asia, mirroring Wall Street’s rebound from the sell-off earlier this week after Chairman Jerome Powell indicated the U.S. Federal Reserve was unlikely to cut rates in March.
In Asia, investors will wrap up the week with January inflation figures out of South Korea and producer prices from Australia.
South Korea’s consumer price index grew 2.8% year on year, slightly below the 2.9% expected in a Reuters poll of economists.
In Australia, the S&P/ASX 200 rose 0.8% in early trade, ahead of the release of fourth quarter producer price index.
Japan’s Nikkei 225 is also set to rebound, with the futures contract in Chicago at 36,260 and its counterpart in Osaka at 36,230 against the index’s last close of 36,011.46.
Futures for Hong Kong’s Hang Seng index stood at 15,688, pointing to a stronger open compared to the HSI’s close of 15,566,21.
Overnight in the U.S., the Dow Jones Industrial Average added 0.97% to set a fresh record close for the blue-chip index, which also wiped its losses from a day earlier. The S&P 500 added 1.25%, while the Nasdaq Composite gained 1.3%.
— CNBC’s Sarah Min and Brian Evans contributed to this report
#U.S #stocks #rebound #Asia #inflation
