Asia-Pacific Markets Set for Lower Open as Wall Street Rally Falters

Tuesday, 20 August 2024, 15:58

Asia-Pacific markets are set for a lower open as Wall Street's rally falters. With Japan's trade data on deck, July exports are expected to increase 11.4% year on year, while imports are forecast to rise by 14.9%. This situation may influence market sentiment across the region.
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Asia-Pacific Markets Set for Lower Open as Wall Street Rally Falters

Asia-Pacific Markets Facing Challenges

In light of recent economic indicators, Asia-Pacific markets appear poised for a lowered open today. Influenced by the faltering Wall Street rally, traders are closely monitoring Japan's trade statistics, slated for release shortly.

Key Economic Indicators

  • Japan's Exports: Anticipated to surge by 11.4% year-on-year.
  • Japan's Imports: Projected to rise by 14.9%.

The reaction of these data releases on market performance could be significant.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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