Asia-Pacific stocks set to decline; S&P 500 rises to new record on Wall Street
- Investors will likely continue to monitor the Covid situation regionally.
- The S&P 500 gained about 0.34% overnight stateside to an all-time high of 4,358.13.
SINGAPORE — Shares in Asia-Pacific looked set for a lower open on Thursday as the coronavirus situation in parts of the region weighs on investor sentiment.
Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,325 while its counterpart in Osaka was at 28,330. That compared against the Nikkei 225's last close at 28,366.95.
Australian stocks also looked poised for a negative start, with the SPI futures contract at 7,256, versus the S&P/ASX 200's last close at 7,326.90.
Investors will likely continue to monitor the Covid situation regionally. The Japanese government is set to declare another Covid-19 state of emergency in Tokyo until Aug. 22, according to local news agency Kyodo News.
Meanwhile, Australia's New South Wales state announced Wednesday a week-long extension of Sydney's lockdown.
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Overnight stateside, the S&P 500 gained about 0.34% overnight stateside to an all-time high of 4,358.13.
The Dow Jones Industrial Average advanced 104.42 points to 34,681.79 while the Nasdaq Composite was little changed at 14,665.06.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.644 following a rise earlier this week from below 92.1.
The Japanese yen traded at 110.61 per dollar, having strengthened earlier this week from above 111 against the greenback. The Australian dollar changed hands at $0.7485 as it struggles to recover after slipping from above $0.756 earlier in the week.
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