Stocks in Japan to open higher as investors await China's GDP data

SINGAPORE — Stocks in Japan were set to trade higher at the open, as investors await the release of China's GDP data.

Futures pointed to a higher open for Japanese stocks, The Nikkei futures contract in Chicago was at 23,585 while its counterpart in Osaka was at 23,530. That compared against the last close at 23,410.63. Japan's trade data for September is expected to be out at around 7:50 a.m. HK/SIN.Chinese economic data ahead

"We expect the data dump will highlight China's economic recovery is well underway," strategists at Commonwealth Bank of Australia wrote in a note. "Unlike many other economies, China's economic recovery has been strong. Infection rates have remained low and policymakers have been able to focus on rebooting the economy, rather than health outcomes.," the strategists said.

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