Asia Markets: Stocks, economic growth, earnings
SINGAPORE — Shares in the Asia-Pacific region were poised to open mixed on Monday as global concerns continue to plague markets.
The Nikkei futures contract for Japan was 26920 in Chicago, and its counterpart was in Osaka at 26750. These are the Nikkei 225Closed at 26739.03 Friday
Australia’s SPI futures stood at 7,129. This was lower than the S&P/ASX 200Last close was at 7,145.6
Chinese maker of electric cars XpengOn Monday, the company will report first quarter earnings.
Stocks in the stateside have been taking a batteringAs markets become more worried about whether there will soon be a recession,
In the U.S., the S&P 500 briefly fell into bear market territory during Friday’s session, but recovered slightly to close almost flat. The Dow Jones Industrial Average rose 8.77 points to 31,261.90 after reversing losses of more than 600 points.
The Nasdaq CompositeIt is currently deep within bear market territory and 30% below its peak. Friday’s fall was 0.3%. Each index has posted at most a seven week losing streak.