Asian stocks were set to open lower on Monday, with focus this week expected to be on the Bank of Japan.
Asian stocks were set to open lower on Monday, with markets expected to take the lead from declines in Wall Street’s last session, with focus this week expected to be on the Bank of Japan.
Futures tipped lower opens for markets in Japan and Australia: Nikkei futures traded in Chicago were down 0.41 percent compared to the index’s close in the last session and Australian SPI futures were lower by 0.42 percent at the end of Friday.
U. S. stocks declined on Friday as earnings news overshadowed the release of solid second-quarter U. S. gross domestic product data, with tech leading the losses for the day.
Intel shares fell in the previous session on the chipmaker announcing delays for next generation chips while Twitter sank after reporting a drop in monthly active users. That contributed to a second day of steep losses for the tech sector after the plunge in Facebook’s stock on Thursday.
Meanwhile, U. S. second-quarter GDP grew at 4.
