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Tokyo CPI, China industrial profit


A train loaded with coal prepares to leave a coal mine belonging to China Energy Investment Corporation on January 14, 2023 in Ejin Horo Banner, Ordos City, Inner Mongolia Autonomous Region of China.

Wang Zheng | Visual China Group | Getty Images

Asia-Pacific markets are set to open higher on Friday as some markets return from the Boxing Day holiday and investors eye a range of economic data in the region.

Australia S&P/ASX 200 traded 0.49% higher as trading resumed after the Christmas and New Year holidays.

Japan’s Nikkei 225 futures pointed to a stronger open, with the Chicago futures contract at 39,745 and its Osaka counterpart at 39,700, compared with the previous close of 39,568.06.

Traders in Asia will assess Japan’s unemployment rate in November, as well as Tokyo’s CPI later in the day. China is also expected to release industrial profit data for November.

Overnight in the USA, Dow Jones Industrial Average erased earlier losses and squeezed out a small gain in thin trading Thursday after the market’s strong back-to-back gains at the start of the holiday week.

The blue-chip Dow ended the day up 28.77 points, or 0.07%, at 43,325.80 after losing about 182 points earlier in the session. The S&P 500 it fell by 2.45 points, or 0.04%, to 6,037.59. The Nasdaq Composite also ended the day lower, falling less than 0.1% to 20,020.36.

— CNBC’s Yun Li contributed to this report.



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