Stocks in Asia set to slip after overnight Dow decline

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Shares in Asia were set to decline at Friday's open after the Dow Jones Industrial Average dropped more than 100 points overnight.

div > div.group > p:first-child"> Futures pointed to a higher open for the Nikkei 225 in Japan. The Nikkei futures contract in Chicago was at 22,200, as compared to the benchmark index's last close at 22,307.58.

Overnight on Wall Street, the Dow dropped 134.97 points to finish at 26,462.08. The S&P 500 and Nasdaq Composite fared better, with the former closing marginally lower at 2,926.17. The Nasdaq, meanwhile, added 0.2% to finish its trading day stateside at 8,118.68 and hit an intraday record.More than 170 S&P 500 companies have reported quarterly results so far, according to FactSet. Of those companies, 78% have posted better-than-expected earnings.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.203 after touching lows around 98.0 yesterday. The Australian dollar changed hands at $0.7019, close to highs touched yesterday.

 

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