Asia Pacific stocks set to trade lower after Wall Street plunge; Australia's July retail sales data expected

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Asia Pacific stocks set to trade lower after Wall Street plunge; Australia's retail sales data ahead

Overnight on Wall Street, the Dow Jones Industrial Average plunged 807.77 points, or 2.8%, to 28,292.73 — its biggest one-day decline since June 11.Later Friday stateside, a closely watched U.S. jobs report is also set to be released, with economists polled by Dow Jones expecting the U.S. economy to have added more than 1 million jobs last month.

Stocks in Asia Pacific were set to fall at the open following sharp declines on Wall Street overnight. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,010 while its counterpart in Osaka was at 23,070. That compared against theShares in Australia also looked poised to slip, with the SPI futures contract at 5,993.0, as compared to the

 

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“There has been no obvious catalyst for the move,' 🙄

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