Asia-Pacific markets set to trade mixed as investors look ahead to Fed minutes

A woman walks at the Bund in front of the financial district of Pudong in Shanghai, China.

Aly Song | Reuters

Asia-Pacific shares are poised to trade mixed as investors look ahead to the Federal Reserve’s meeting minutes for December, watching for signs of more interest rate hikes.

Australia’s S&P/ASX 200 was up 0.85%. The Nikkei futures contract in Chicago was at 25,800 while its counterpart in Osaka was at 25,790. Both are lower compared to the Nikkei 225‘s last close at  26,094.50.

Japan and Thailand will be releasing its manufacturing activity print. Hong Kong’s retail sales data is also slated for release later in the day.

In the day, investors look ahead to the release of the U.S. Job Openings and Labor Turnover Survey, better known as JOLTS, as well as the minutes of the Fed’s latest policy meeting set to come out in the afternoon stateside.

Stocks on Wall Street closed lower after giving up earlier gains on concerns over rising rates and high inflation – with Tesla hitting its lowest level since August 2020, following disappointing fourth-quarter deliveries and Apple also falling on reports that it will cut production due to weak demand.

– CNBC’s Carmen Reinicke, Tanaya Macheel contributed to this report

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