Japan's stocks set to trade lower ahead of China's fourth-quarter GDP data release

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Investor focus will be on Chinese economic data, including the country's fourth-quarter GDP print, expected to be out at around 10:00 a.m. HK/SIN.

Reuters reported that the Trump administration notified several suppliers to Chinese telecommunications giant Huawei — including chipmaker Intel — that it is revoking certain licenses to sell to the Chinese firm.SINGAPORE — Shares in Japan were set to trade lower at the Monday open as investors in Asia-Pacific await Chinese economic data, including the country's GDP print for the fourth quarter.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,330 while its counterpart in Osaka was at 28,370. That compared against the Nikkei 225's last close at 28,519.18.Investor focus on Monday will likely be on Chinese economic data expected to be out at around 10:00 a.m. HK/SIN. That includes the country's fourth-quarter GDP print as well as industrial production and retail sales figures for December.

 

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