Asian stocks fluctuated in early trade Friday after surprisingly robust economic data helped propel U.S. indices to records. Yields on benchmark 10-year Treasury notes declined.
Shares wavered between red and green in Japan and Australia and rose in South Korea. U.S. contracts slipped after equity benchmarks hit all-time highs overnight. Real estate, health care and technology shares led gains.
The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,630 as of 7 a.m.
Let’s take a look at the factors that may influence equities in today’s session:
- Treasuries advanced despite better-than-expected retail sales and jobless claims data in the U.S.
- Chinese data will be centerstage on Friday, as the world’s second-largest economy is expected to report the highest quarterly growth since the first such data releases 30 years ago.