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☆ Asia markets to mostly fall as Japan's inflation rises slightly in June
▼ + stars: | 2023-07-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to mostly fall on Friday as investors look to Japan's consumer price index figures for June. The country's core inflation rate - which strips out costs of fresh food - came in at 3.3%, in line with expectations of economists polled by Reuters. This is slightly higher than May's figure of 3.2%, and also above the Bank of Japan's 2% target. The inflation print will give clues to the Bank of Japan's moves when it meets next week for its rate decision. In contrast, Hong Kong's Hang Seng index looks set to open higher, with futures at 18,935 compared to the HSI's last close of 18,928.02.

Persons: Kazuo Ueda Organizations: Reuters, Bank of Japan's, Bank of, Nikkei Locations: Asia, Pacific, Chicago, Osaka, Australia

Paris CNN —Paris-Saint Germain (PSG) and Italy goalkeeper Gianluigi Donnarumma and his partner were attacked and robbed in his apartment in Paris on Thursday evening, according to the Paris prosecutor’s office. “An investigation has been launched into charges of armed robbery, gang kidnapping and aggravated violence following the events that took place overnight at Mr. Donnarumma’s place,” the prosecutor’s office told CNN. Donnarumma’s agent told CNN in a statement that the goalkeeper and his partner “are in shock at what happened but doing well under the terrible circumstances. This is not the first time a PSG player has been robbed. In March 2021, both the homes of PSG players Marquinhos and Angel Di Maria were raided and robbed in the Paris region.

Persons: Saint Germain, Gianluigi Donnarumma, “, CNN also, BFMTV, Angel Di Maria, Donnarumma Organizations: Paris CNN —, PSG, Paris, Mr, CNN, French, Marquinhos, Cerezo Osaka, Inter Milan Locations: Paris CNN — Paris, Italy, Paris, Japan, Osaka, Saudi Arabian, Tokyo

☆ Mbappe excluded from PSG's Asian tour squad
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

July 21 (Reuters) - Kylian Mbappe has not been included in Paris St Germain's squad for their Asian pre-season tour amid reports that he has been put up for sale by the Ligue 1 side. PSG President Nasser Al-Khelaifi has said they will not let him go for free after the club spent 180 million euros ($200 million) to sign him. Mbappe was injured for the first leg and said they were "helpless" in the second. PSG will also face Japan league's Cerezo Osaka and Serie A side Inter Milan before travelling to South Korea to take on Jeonbuk Motors. ($1 = 0.8990 euros)Reporting by Janina Nuno Rios in Mexico CityOur Standards: The Thomson Reuters Trust Principles.

Persons: Mbappe, Nasser Al, Khelaifi, Luis Enrique's, Cristiano Ronaldo's Al Nassr, Japan league's, Janina Nuno Rios Organizations: Paris St, Ligue, Mbappe, PSG, Real Madrid, Reuters, Champions League, Bayern Munich, Japan, Osaka, Serie A, Inter Milan, Jeonbuk Motors, Thomson Locations: Paris, Japan, South Korea, Mexico City

☆ Asia markets to mostly fall ahead of key economic data out of China, Australia and Japan
▼ + stars: | 2023-07-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

People ride an escalator at a shopping mall in Beijing on the second day of a holiday in late April 2023. Asia-Pacific markets are set to mostly fall on Thursday ahead of a slew of economic data across the region. Investors will be closely watching China's one and five-year loan prime rates to see if the country's government will attempt to spur growth by cutting rates, days after China's second quarter GDP came in below expectations. Japan is also set to release its trade figures for June, with economists polled by Reuters expecting its trade deficit to come in at 46.7 billion yen ($334.4 million), a sharp fall compared to last month's 1.38 trillion yen. In Australia, futures for the S&P/ASX 200 are at 7,286, lower than the index's last close of 7,323.7, and ahead of its unemployment figures for June.

Organizations: Reuters, Futures, Nikkei Locations: Beijing, Asia, Pacific, Japan, Chicago, Osaka, Australia

☆ Americans are moving to Japan for its safety and affordability
▼ + stars: | 2023-07-20 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

"My children had to do active shooter drills," Hanson told Insider. Hanson and her family are a few of the 6,642 Americans who moved to Japan in 2022, according to the country's Ministry of Justice. "I was very concerned about gun violence, which is almost non-existent in Japan," Evans told Insider. Along with the safety of Japan, Evans was also pleasantly surprised by the affordability. Bethany NakamuraNakamura, 35, started the process of moving to Japan from her studio in Jersey City, New Jersey, in 2020.

Persons: Veronica Hanson, Hanson, let's, " Hanson, expats, Hanson —, —, didn't, flack, Veronica Hanson Hanson, Alex Evans, Evans, Anne Sutherland, Smith, wanderlust, Sutherland, Smith Sutherland, Austin . Sutherland, Bitsii, Nakamura, Bethany, Bethany Nakamura Nakamura Organizations: Service, country's Ministry of Justice Locations: Japan, Wall, Silicon, Lake Oswego , Oregon, American, Mexico, Canada, An Oregon, Dominican Republic, Nara, Oregon, Tokyo, Mukaishima, Hiroshima, Australia, Austin , Texas, Kyoto, Asakusa, Austin ., America Bethany, Jersey City , New Jersey, Shikoku, Osaka

☆ US players harness World Cup spotlight for mental health initiative
▼ + stars: | 2023-07-19 | by ( Nathan Frandino | ) www.reuters.com time to read: +2 min

The Common Goal initiative will provide mental health training to coaches from more than 15 youth sports organisations, focusing on issues including anxiety, depression and loneliness, after the World Cup. "It’s long overdue that our soccer communities put mental health at the forefront when we discuss player care," Common Goal USA Executive Director Lilli Barrett-O’Keefe said in a statement. The United States are seeking an unprecedented third consecutive title, and fifth overall, at the tournament in Australia and New Zealand, kicking off their campaign on Saturday against Vietnam. The American soccer players are the latest athletes to take up the cause of mental health, after Olympic gymnastics champion Simone Biles and four-times tennis major winner Naomi Osaka helped flip the narrative on a topic once seen as taboo in high-level sport. Reporting by Nathan Frandino in Auckland, writing by Amy Tennery; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Becerril, Naomi Girma's, Katie Meyer, Katie it's, Sophia Smith, Katie, Lilli Barrett, O’Keefe, Emily Fox, Simone Biles, Naomi Osaka, Smith, Nathan Frandino, Amy Tennery, Peter Rutherford Organizations: Soccer Football, Concacaf, Costa Rica, Estadio Universitario, United, REUTERS, Tribune, Stanford University, Stanford, Vietnam, Fox, Thomson Locations: States, Costa, Monterrey, Mexico, AUCKLAND, United States, U.S, Australia, New Zealand, American, Auckland

☆ What’s driving sunscreen’s big boom
▼ + stars: | 2023-07-19 | by ( Leah Asmelash | ) edition.cnn.com time to read: +8 min

In 2020, the global value of sun care products was $10.7 billion. Millennial skin care favorites — Paula’s Choice ($34), Glossier ($25), Drunk Elephant ($34) — have all created their own luxury daily sunscreens. “I think there is a more pervasive media representation of (the benefits of) wearing sunscreen, like preventing aging and preventing skin cancer,” Waldman said in a phone interview. In a study published in 2021, scientists found that more children in middle and high school were wearing sunscreen, a trend researchers partially attributed to social media. Meanwhile, young influencers on TikTok parade their multi-step skin care routines, with many featuring products like retinoids and AHAs, celebrated for their role in minimizing signs of aging.

Persons: “ Sunscreens, ”, Luke Maxfield, —, Naomi Osaka, Pharrell, Naana, ” Boakye, “, ” Dr, Abigail Waldman, she’s, ” Waldman, ” Maxfield, Supergoop, they’re, Violette, Maxfield, Waldman, Boakye, you’re Organizations: CNN, Grand View Research, Prestige, Harvard Medical School, dermatologists, ” Research

☆ Asia markets set for mixed open as investors digest Wall Street's strong earnings
▼ + stars: | 2023-07-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a mixed open on Wednesday as investors digest better-than-expected results from Wall Street. Overall, the earnings season was off to a strong start. In Australia, futures for the S&P/ASX 200 were at 7,278, lower than the index's last close of 7,283.8. Australia will see its unemployment figures out Thursday, seen as critical to the central bank on whether it will continue to hike rates. Hong Kong's Hang Seng index looks set to continue sliding after falling more than 2% on Tuesday, with futures at 18,898 compared to the HSI's last close of 19,015.72.

Organizations: Wall, Nikkei, Reuters Locations: Asia, Pacific, Japan, Chicago, Osaka, Australia

☆ Asia markets set for mixed open as investors look to Australia's central bank minutes
▼ + stars: | 2023-07-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are headed for a mixed open on Tuesday as investors await the release of minutes of the Reserve Bank of Australia's July policy meeting. In Australia, futures for the S&P/ASX 200 were at 7,239, lower than the index's last close of 7,298.5. In Japan, the Nikkei 225 could start its week either way based on futures data as it comes back from a holiday , with the futures contract in Chicago at 32,405, and its counterpart in Osaka at 32,340 against its last close at 32,340. Hong Kong's Hang Seng index also resumes trading today after trading sessions were suspended on Monday due to a warning for Typhoon Talim. Hang Seng futures are at 19,450, compared to the HSI's last close of 19,413.78.

Persons: Talim, Hang Organizations: Reserve Bank of Australia's, Nikkei Locations: Asia, Pacific, Australia, Japan, Chicago, Osaka

The Tokyo Tower, left, and commercial and residential buildings at night in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise on Friday after more inflation data out from the U.S. came in softer than expected, raising optimism that inflation could come down without weakening the labor market. "Most stock and bond index prices rose today as economic data indicates inflation has fallen quickly and the labor market remains strong," Bill Merz, senior investment director at U.S. Bank Wealth Management. June's producer price index rose less than anticipated, climbing 0.1% year on year, compared to the 0.2% expected by economists polled by Dow Jones. Hong Kong's Hang Seng index also looks set to continue its rally after surging more than 2.5% on Thursday.

Persons: Akio Kon, Bill Merz, Dow Jones Organizations: Bloomberg, Getty Images, U.S, Bank Wealth Management, Core PPI, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, U.S, Chicago, Osaka, Australia

☆ Asia markets set to rise as U.S. inflation rate slows more than expected
▼ + stars: | 2023-07-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to rise on Thursday after the U.S. inflation rate for June came in lower than expected at 3%, the smallest increase in two years. Month over month, the inflation rate rose 0.2%, less than forecast. In Asia, investors will be looking to China's June trade numbers, as well as the rate decision by South Korea's central bank. Economists polled by Reuters expect the central bank to hold rates at 3.5% for a sixth straight month. Hong Kong's Hang Seng index looks set for a positive open after two straight days of gains, with futures at 19,213 compared to the HSI's last close of 18,860.95.

Persons: Dow Jones Organizations: Reuters, Nikkei Locations: Asia, Pacific, Japan, Chicago, Osaka, Australia, Hong

☆ Jabeur and Vondrousova Finesse Way to Wimbledon Final
▼ + stars: | 2023-07-13 | by ( Matthew Futterman | More About Matthew Futterman | ) www.nytimes.com time to read: +1 min

For a set and a half, Sabalenka overpowered Jabeur, and she got within two games of advancing to the final and taking the top ranking. But down a set and by 4-2 in the second, Jabeur dug in. “Crazy match,” said Jabeur, a groundbreaking figure for the Arab world. “One more match to go.”In Vondrousova, Jabeur will face an opponent with a deceptively slim résumé but a penchant for ruining sentimental narratives. At the Tokyo Olympics in 2021, Vondrousova eliminated Naomi Osaka, the national hero and international star who lit the Olympic cauldron at the opening ceremony, on her way to winning a silver medal.

Persons: Elina Svitolina, Aryna, Sabalenka, Jabeur, Marketa, ”, Vondrousova, Naomi Osaka Organizations: Wimbledon, Aryna Sabalenka, Court, Tunisian, Tokyo Locations: Ukraine, Belarusian, Belarus, Sabalenka, Czech Republic

☆ Naomi Osaka gives birth to daughter, WTA announces
▼ + stars: | 2023-07-12 | by ( Amy Woodyatt | Jill Martin | ) edition.cnn.com time to read: +1 min

1 Naomi Osaka has given birth to a daughter, the WTA announced. Osaka subsequently pulled out of the French Open that year and revealed she had “suffered long bouts of depression” since winning her first major championship in 2018. Alongside a photo announcing her pregnancy, Osaka wrote: “These few months away from the sport [have] really given me a new love and appreciation for the game I’ve dedicated my life to. “I know that I have so much to look forward to in the future,” she added. “One thing I’m looking forward to is for my kid to watch one of my matches and tell someone, ‘that’s my mom.’”

Persons: Naomi Osaka, Cordae, Roland Garros, “, ‘, ’ Organizations: CNN, Former, WTA, Pan, Roland, Osaka Locations: Osaka, Tokyo

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. Asia-Pacific markets are set to rise on Tuesday, tracking moves on Wall Street as U.S. markets snapped a three-day losing streak. Australia will release consumer confidence surveys out from Australia, while the Philippines will also publish its trade numbers for June. In Australia, futures for the S&P/ASX 200 were at 7,006, higher than the index's last close of 7,004. Japan's Nikkei 225 looks set to rise after a five day losing streak, with the futures contract in Chicago at 32,370, and its counterpart in Osaka at 32,310 against its last close at 32,189.73.

Organizations: Sydney Harbour, Opera House, Nikkei Locations: Sydney, Australia, Asia, Pacific, Philippines, Chicago, Osaka

General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Asia-Pacific markets are set to largely rise ahead of key inflation reports this week, including the U.S. consumer price index report due Wednesday and the producer price index on Thursday. In the region, China's inflation rate and producer prices later today will provide more context to the country's recovery trajectory. Economists polled by Reuters expect the CPI reading to remain unchanged after producer prices plunged last month. However, Australia's S&P/ASX 200 is set to fall, with futures for the S&P/ASX 200 at 7,013, lower than the index's last close of 7,042.3.

Persons: Janet Yellen, Australia's Organizations: Reuters, Treasury, Nikkei Locations: Lujiazui, Pudong, Shanghai, Asia, Pacific, U.S, Beijing, Japan, Chicago, Osaka

☆ Taylor Swift agreed to $100 million deal with FTX before it went bankrupt, but FTX pulled out
▼ + stars: | 2023-07-06 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Taylor Swift signed onto a lucrative touring partnership with FTX before its collapse, but FTX pulled out of the arrangement, according to a person familiar with the discussions. Bankman-Fried has been accused of orchestrating one of the biggest financial frauds in US history, allegedly costing investors billions of dollars and improperly using customer funds from his cryptocurrency exchange, FTX. But a person familiar with the Swift discussions said the artist’s side had agreed to a $100 million tour sponsorship deal, but the deal was never finalized due to hesitation on FTX’s side. Other celebrities, including Tom Brady, Gisele Bundchen, Steph Curry, and Naomi Osaka, signed deals with FTX, which declared bankruptcy last fall. Brady and Bundchen also held stakes in FTX that were likely entirely wiped out.

Persons: CNN — Taylor Swift, FTX, cryptocurrency, Swift’s, Sam Bankman, Adam Moskowitz, endorsers, Swift, Fried, Moskowitz, “, ”, Taylor Swift, Tom Brady, Gisele Bundchen, Steph Curry, Naomi Osaka, Brady, Bundchen, Jimmy Fallon, Madonna, Kim Kardashian, Max, CNN’s Kara Scannell, Chloe Melas Organizations: CNN, FTX, New York Times, Financial Times, Securities and Exchange Commission

☆ Japan's tallest skyscraper Azabudai Hills Mori JP Tower completed in Tokyo
▼ + stars: | 2023-07-04 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

CNN —The new tallest building in Japan is here — and the gleaming skyscraper is part of an expansive “modern urban village” in central Tokyo, years in the making. That surpasses the Abeno Harukas skyscraper in Osaka, now Japan’s second tallest building at 300 meters (984 feet). The completion of the tower, announced on Monday, brings the sprawling Azabudai Hills complex one step closer to its scheduled opening in the fall. Other countries have meanwhile raced ahead, constructing ever-taller skylines — the Azabudai Hills skyscraper is still dwarfed by towers in New York, Taiwan and Dubai. At 390 meters (nearly 1,280 feet), Torch Tower will loom above Azabudai Hills when it completes in 2027.

Persons: ”, Pelli Clarke Organizations: CNN, Mori, Pelli Clarke & Partners Locations: Japan, Tokyo, Osaka, New York, Taiwan, Dubai

A worker grinds at a workshop of an equipment manufacturing company in Qingzhou Economic Development Zone, East China's Shandong province, March 31, 2023. Asia-Pacific markets are set for a mixed open ahead of a slew of manufacturing activity reports being released around the region. Most notably, China's Caixin manufacturing purchasing managers index will be released today. Private surveys for factory activity in Japan, South Korea, Taiwan and India will be released today as well as Thailand, Indonesia, Malaysia, the Philippines and Vietnam. In Japan, the Nikkei 225 is set to open higher, with the futures contract in Chicago at 33,485, and its counterpart in Osaka at 33,420 against its last close at 33,189.04.

Persons: grinds Organizations: Reuters, Nikkei Locations: East China's Shandong province, Asia, Pacific, Japan, South Korea, Taiwan, India, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Chicago, Osaka

☆ Panasonic needs four more EV battery plants, executive says
▼ + stars: | 2023-07-03 | by ( Miho Uranaka | ) www.reuters.com time to read: +3 min

The comments by Shoichiro Watanabe of Panasonic Energy are the Tesla (TSLA.O) supplier's first clear indication of the number of additional factories it will need. "We will need to build around another four factories," Watanabe, the company's chief technology officer, said in an interview at its headquarters in Osaka on Friday. He signalled an openness to potential joint ventures for EV battery production, with automaker Mazda Motor (7261.T) among others, citing the changing nature of such projects in which investment is no longer shouldered by battery makers alone. Panasonic will not rule out the possibility of a joint battery venture with Mazda as part of a supply partnership the companies are working out, Watanabe said. They aim to sign off on it this year, and expect to supply batteries after 2025.

Persons: Shoichiro Watanabe, Miho Uranaka, Watanabe, Elon Musk, Miho Uranka, Daniel Leussink, David Dolan Organizations: Panasonic Energy Co, REUTERS, Panasonic, Reuters, Panasonic Energy, EV, Mazda, NORTH AMERICA Panasonic, U.S, Thomson Locations: Moriguchi, Osaka prefecture, Japan, Miho Uranaka OSAKA, United States, Nevada, Kansas, Osaka, North America, Oklahoma

☆ ‘You have to ask for help if you need it’: Billie Jean King encourages tennis players struggling with demands of the tour to seek support
▼ + stars: | 2023-06-30 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Billie Jean King has urged players that are struggling with the demands of being a tennis professional to seek support from psychologists. “Being a pro-athlete is hard,” tennis great King, who won 39 major titles, told CNN’s Christiane Amanpour. “The WTA [Women’s Tennis Association] has been fantastic with mental health for years, but people would say: ‘Why aren’t you doing anything?’Billie Jean King says support is available for players on the WTA Tour. The governing body has provided staff that are dedicated to athletes’ mental health for more than 25 years, with a Mental Health Care Provider available in person at tournaments, including all four grand slams, and there are virtual meetings available upon request in between tournaments. Naomi Osaka withdrew from the 2021 French Open, citing her mental health.

Persons: Billie Jean King, Naomi Osaka, Sabalenka, “, Emma Raducanu, King, CNN’s Christiane Amanpour, JP Yim, Kathleen Stroia, Ukraine –, Aleksandr Lukashenko, Tim Clayton, Raducanu, ”, hadn't, Clive Brunskill, “ We’ve, I’ve, ’ ” Organizations: CNN, WTA, Mental Health, ‘, Virginia Slims Circuit, WTA Tour, Wimbledon Locations: Paris, Ukraine, Osaka, Belarus

[1/2] Russia's President Vladimir Putin and U.S. President Donald Trump attend a meeting on the sidelines of the G20 summit in Osaka, Japan June 28, 2019. "I want people to stop dying over this ridiculous war," Trump told Reuters in a telephone interview. As president, Trump developed friendly relations with Putin, who Biden said on Wednesday has "become a bit of pariah around the world" for invading Ukraine. Trump said Putin had been damaged by an uprising by the Russian mercenary force, the Wagner Group, and its leader Yevgeny Prigozhin, last weekend. As president, Trump adopted a tougher stance on China while claiming a good relationship with Chinese President Xi Jinping that soured over the coronavirus pandemic.

Persons: Vladimir Putin, Donald Trump, Mikhail Klimentyev, Putin, Trump, they've, Joe Biden, Volodymyr Zelenskiy, Biden, Yevgeny Prigozhin, he's, you'll, Xi Jinping, they'd, They'd, Steve Holland, Nathan Layne, Kanishka Singh, Ross Colvin, Grant McCool Organizations: U.S, Sputnik, REUTERS, WASHINGTON, Former U.S, Reuters, Russian, NATO, Wagner Group, International, Thomson Locations: Osaka, Japan, Kremlin, Former, United States, Russia, Ukraine, China, Chinese, Cuba, U.S, Kyiv, Russian, Beijing, Taiwan

☆ Asia markets set to rise as Fed hints of more rate hikes ahead
▼ + stars: | 2023-06-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific shares are set to rise Thursday, as investors continue to parse comments from Federal Reserve Chair Jerome Powell who indicated there could be multiple rate hikes ahead. The Nikkei futures contract in Chicago was at 33,360 while its counterpart in Osaka was at 33,230. Both are higher compared to the Nikkei 225's last close at 33,193.99. Markets in Singapore, Indonesia and Malaysia are closed for the holidays.

Persons: Jerome Powell Organizations: Federal, Nikkei Locations: Asia, Chicago, Osaka, Singapore, Indonesia, Malaysia

☆ Asia markets set for mixed open ahead of Australia inflation figures and China industrial profits
▼ + stars: | 2023-06-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a mixed open as the region awaits May inflation figures out of Australia and China releases its industrial profits for May. In Australia, futures for the S&P/ASX 200 were at 7,095, higher than the index's last close of 7,118.2. Economists polled by Reuters expect the country's inflation rate to ease to 6.1%, compared with the 6.8% recorded in April. Investors will be watching China's year-to-date industrial profits, after factory activity stayed in contraction territory for a second straight month in May. The country's industrial output growth for May came in at 3.5%, slightly lower than the 3.6% expected by economists polled by Reuters.

Organizations: Lonsdale, Boxing, Reuters, Nikkei Locations: Melbourne, Australia, Asia, Pacific, China, Japan, Chicago, Osaka

☆ Asia markets mostly set to fall after Wall Street sees tech sell-off
▼ + stars: | 2023-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

With the Melbourne skyline in the background, a ship sets sail out of the Port of Melbourne on September 14, 2021. Asia-Pacific markets are set to fall after Wall Street saw a tech sell-off Monday, with Tesla tumbling 6% after Goldman Sachs downgraded the electric car maker, citing pricing headwinds. Other tech names like Nvidia, Alphabet and Meta Platforms also lost more than 3% each. In Australia, futures for the S&P/ASX 200 were at 7,052, lower than the index's last close of 7,078.7. Hong Kong's Hang Seng index look set to snap its five day losing streak, with futures at 18,894 compared to the HSI's close of 18,794.13.

Persons: Wall, Goldman Sachs Organizations: Melbourne, Port, Nvidia, Nikkei Locations: Port of Melbourne, Asia, Pacific, Australia, Japan, Chicago, Osaka

☆ Asia markets set for weak open as Wall Street rally fades
▼ + stars: | 2023-06-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a weak open in the final week of June, following U.S. markets which snapped a multi-week winning streak Friday. In an early Monday note, CMC Markets analyst Tina Teng, wrote that "economic concerns took central stage again as recession fears mounted, with spiking rates in both Europe and the US rattling global markets." Over the weekend, Europe also saw a brief rebellion by the Wagner private military group in Russia, and markets are likely to be on edge. In Australia, futures for the S&P/ASX 200 were at 7,043, lower than the index's last close of 7,099.2. Hong Kong's Hang Seng index is also poised to fall, with futures at 18,764 compared to the HSI's close of 18,889.97.

Persons: Tina Teng, Wagner Organizations: CMC, Nikkei Locations: Asia, Pacific, U.S, Europe, Russia, Japan, Chicago, Osaka, Australia, Hong

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