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Asia stocks set to trade higher; Japan's revised second-quarter GDP data expected

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Japan's revised GDP figures for the second quarter are set to be out at around 7:50 a.m. HK/SIN. Preliminary estimates released in mid-August had shown the country's GDP shrinking 27.8% on an annualized basis in April-June.

Stocks in Asia Pacific were set to open higher on Tuesday as investors await the release of Japan's revised second-quarter gross domestic product data.

Futures pointed to a higher open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,225 while its counterpart in Osaka was at 23,220. That compared against theShares in Australia were also poised to see a positive start to their trading day. The SPI futures contract was at 5,949.0, as compared to theInvestors will likely continue to monitor geopolitical developments.

 

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