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Asia Pacific stocks set to trade mixed; Australia's second quarter GDP data expected

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Australia's second quarter gross domestic product figures are set to be out at around 9:30 a.m. HK/SIN.

Overnight stateside, the S&P 500 rose 0.8% to close at 3,526.65 while the Nasdaq Composite advanced 1.4% to end its trading day at 11,939.67. Both the S&P 500 and Nasdaq hit all-time highs.

Stocks in Asia Pacific were set to trade mixed at the Wednesday open as stocks on Wall Street notched new records overnight. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,260 while its counterpart in Osaka was at 23,180. That compared against theShares in Australia, on the other hand, looked poised to dip. The SPI futures contract was at 5,950.0, as compared to the"Q2 was a tough one for many countries and Australia should be no exception," Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, wrote in a note dated Sept. 1.

 

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