On May 2, 2024, a rider passed by the entrance of the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo.
Richard A. Brooks | AFP | Getty Images
Japan's Nikkei is expected to plunge more than 6% on Monday, while Asian stocks opened mixed ahead of key economic data from China and Japan.
The Osaka futures contract was trading at $37,440, compared with the previous closing price of $39,038.16. The Chicago contract price is 38,115.
If Osaka futures prove to be accurate, the Nikkei could fall 6.38% from its last close.
Japan will also release August retail sales data, with a Reuters survey predicting an annual increase of 2.3%, lower than the revised 2.7%.
In addition, China will release its official Purchasing Managers Index for September. Economists polled by Reuters expect the manufacturing PMI to be 49.5, a slowdown from 49.1 in August.
The Caixin PMI survey, a private survey compiled by S&P Global, will also be released on Monday.
Australia's S&P/ASX 200 index was at 8,277 points, slightly higher than the previous closing point of 8,212.2 points. At this level, the index would break above its all-time high of 8,246.2.
Hong Kong Hang Seng Index futures were at 20,910 points, lower than the Hang Seng Index's last closing point of 20,632.30 points.
Overnight the U.S. Dow Jones Industrial Average rose to a new high on Friday as traders assessed new data showing more progress in controlling inflation.
The Dow Jones Industrial Average rose 0.33% to close at 42,313.00 points. The S&P 500 fell 0.13% and the Nasdaq fell 0.39%.
It came as traders assessed encouraging August inflation data, in which the personal consumption expenditures price index, the Fed's favored inflation measure, increased 0.1%, in line with expectations of economists polled by Dow Jones. consistent.
PCE annualized growth rate was 2.2%, lower than the expected 2.3%.
—CNBC’s Brian Evans and Pia Singh contributed to this report.