Asia Pacific stocks poised for mixed open ahead of China GDP release

Stocks in the Asia Pacific region were set for a mixed open on Wednesday, ahead of the release of key Chinese economic data.

Meanwhile, the ASX 200 in Australia was poised to see declines at the open, with the SPI futures contract at 6,252.0, compared to the index's last close at 6,277.40. On Tuesday, China released housing price data, reporting that average new home prices rose faster in March compared to a month earlier, according to Reuters' calculation of data released by the National Bureau of Statistics.

In overnight market action on Wall Street, the Dow Jones Industrial Average ended its trading day up 67.89 points at 26,452.66 and the Nasdaq Composite gained 0.3 percent to 8,000.23. The S&P 500 eked out its 12th gain in 14 sessions, rising fractionally to close at 2,907.06 — inching close to its record high of 2,940 set in late September.

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