People look at the city skyline from the Bunkyo Civic Center Observation Deck on August 14, 2024 in Tokyo.
Philip Fong | AFP | Getty Images
Asia-Pacific markets are set to open lower on Monday, tracking losses on Wall Street after a weaker-than-expected US jobs report.
U.S. nonfarm payrolls rose 142,000, missing the 161,000 gain estimated by economists polled by the Dow Jones. On the other hand, the unemployment rate fell to 4.2% in line with expectations.
In Asia, traders will also watch Japan’s revised second-quarter GDP figure and China’s consumer price index report on Monday. Economists polled by Reuters expect Japan’s economy to grow 0.8% from the previous quarter and 3.2% on an annualized basis.
Inflation in China is expected to rise 0.7% in August from a year earlier, compared to 0.5% in July.
Futures for Australia’s S&P/ASX 200 index were at 7,883, down from the last close of 8,013.4.
of Japan Nikkei 225 futures indicated a softer opening for the market with the Chicago futures contract at 35,240 and its Osaka counterpart at 35,150, compared with the previous close of 36,391.47. Based on the Osaka futures level, the Nikkei is expected to fall 3.5% at the open.
Hong Kong Hang Seng index futures were at 17,443, lower than the HSI’s last close of 17,444.3.
On Friday, the S&P 500 posted its worst week since March 2023. The technical-heavy Nasdaq Composite posted its worst week since March 2022.
The broad index fell 1.73% and the Nasdaq fell 2.55% during the session on Friday. The Dow Jones Industrial Average fell 1.01%.
—CNBC’s Samantha Subin and Pia Singh contributed to this report.
