Japan CPI, Singapore CPI, South Korea PPI

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Japan CPI, Singapore CPI, South Korea PPI

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. 

Bloomberg | Bloomberg | Getty Images

Asia-Pacific markets were set to mostly climb Friday as investors await a slew of economic data in the region.

Japan’s benchmark Nikkei 225 is set to open higher with the futures contract in Osaka last trading at 37,150 and the contract in Chicago at 37,055 against the index’s last close of 36,985.87.

Australia’s benchmark S&P/ASX 200 is also set to open higher, with futures standing at 8,388, higher than the index’s last close of 8,348.7.

Futures for Hong Kong’s Hang Seng index stood at 23,492, lower than its last close of 23,544.31.

Investors are parsing South Korea’s PPI figures for April and New Zealand’s retail sales for the first quarter of the year, which came out early Friday.

Japan and Singapore are slated to report inflation data for April, and Taiwan is releasing its industrial output figures later in the day.

U.S. stock futures were little changed as investors continue to evaluate the effect of higher U.S. Treasury yields on the economy. Futures tied to the Dow Jones Industrial Average added 14 points, or 0.03%. Nasdaq 100 futures were marginally lower, while S&P 500 futures ticked up 0.03%.

Overnight stateside, the three major averages closed mixed as investors grappled with fears of rising rates and worries about a ballooning U.S. deficit. The 30-year Treasury yield hit its highest since 2023 as lawmakers passed a bill that investors fear could worsen the U.S. deficit.

The Dow Jones Industrial Average slipped 1.35 points, closing at 41,859.09. The S&P 500 lost 0.04% and ended at 5,842.01, while the Nasdaq Composite advanced 0.28% and settled at 18,925.73.

— CNBC’s Lisa Kailai Han and Yun Li contributed to this report.

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