Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea
Mongkol Chuewong | Moment | Getty Images
Asia-Pacific markets were set to open higher after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks.
Australia’s S&P/ASX 200 rose 0.55% on open.
Japan’s Nikkei 225 futures pointed to a lower open for the market as trading resumed after a holiday, with the futures contract in Chicago at 38,870 while its counterpart in Osaka last traded at 38,770 compared to the index’s Friday close of 39,190.4.
Hong Kong’s Hang Seng index futures were at 18,903, higher than the HSI’s last close of 18,874.14.
Investors will continue monitoring India’s rupee after it weakened to a record low against the U.S. dollar. India on Monday reported inflation data for December, which declined for a second straight month year on year, coming in just below expectations at 5.22% and boosting the case for prospective interest rate cuts.
Japan is slated to report its current account balance for November, and Thailand will be releasing its consumer confidence index for December.
Overnight in the U.S., the Dow Jones Industrial Average climbed, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market.
The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into nontech shares such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq dropped 0.38% to 19,088.10. The S&P 500 inched up 0.16%, ending at 5,836.22.
All three benchmarks have declines for the past two weeks, with tech shares causing most of the damage.
—CNBC’s Hakyung Kim and Brian Evans contributed to this report.