SINGAPORE — Stocks in Asia-Pacific were set to trade lower at the Friday open as stocks on Wall Street fell overnight.
Futures pointed to a lower open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,060 while its counterpart in Osaka was at 22,940. That compared against the Nikkei 225′s last close at 23,235.47.
Shares in Australia were also set to decline, with the SPI futures contract at 5,830.0, as compared to the S&P/ASX 200′s last close at 5,908.50. Read more…..
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Private sector economists have cut Singapore’s GDP growth forecast for the third time this year. It is now expected to shrink 6 per cent, down from the earlier prediction of 5.8 per cent.
