Stocks in Asia Pacific were set to open higher on Tuesday as investors await the release of China’s official manufacturing Purchasing Manager’s Index.
Futures pointed to a higher open for stocks in Japan. The Nikkei futures contract in Chicago was at 22,415 while its counterpart in Osaka was at 22,340. That compared against the Nikkei 225’s last close at 21,995.04 after its more than 2% slide on Monday.
Shares in Australia were also set for a positive start, with the SPI futures contract at 5,874, as compared to the S&P/ASX 200’s last close at 5,815.
Investors will await the release of China’s official manufacturing PMI for June, set to be released around 9:00 a.m. HK/SIN on Tuesday. Economists in a Reuters poll have a median forecast of 50.4 the data print, above the 50 level that indicates expansion in activity.
Developments surrounding the coronavirus pandemic will also continue to be