China's inflation data for May is expected to be out on Friday. The U.S. is also set to announce its May consumer price index report later Friday stateside.
Investors will also monitor Hong Kong-listed shares of Alibaba on Friday after Jack Ma's Ant Group and Chinese regulators squashed talk of reviving Ant's public listing. U.S.-listed shares of Alibaba dropped 8.13% on Thursday following the announcements. SINGAPORE — Shares in Asia-Pacific appeared set for a lower start on Friday as investors look ahead to the release of May inflation data from China and the U.S.
Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,085 while its counterpart in Osaka was at 27,980 — lower than theAustralian stocks also looked poised to open lower, with the SPI futures contract at 6,964.0, against the