SINGAPORE – Japanese stocks should trade lower in Wednesday’s Open after major Wall Street indices broke off their multi-day profit streak overnight.
Futures indicated a lower open for Japanese stocks. The Nikkei futures contract in Chicago stood at 27,510 while its Osaka counterpart was at 27,500. The Nikkei 225 rose more than 2% on Tuesday to close at 27,568.15, a level that Refinitiv has not seen since August 1990.
Australian stocks fell in early trading, with the S & P / ASX 200 falling about 0.5%.
Wednesday is the last day of trading in 2020 for stocks in Japan and South Korea as their markets close on Thursday.
The US dollar index, which tracks the greenback versus a basket of its peers, stood at 89.969 when it fell below the 90 level.
The Japanese yen was trading at 103.52 per dollar after rising above 103.8 against the greenback earlier this week. The Australian dollar changed hands at $ 0.761 after rising from around $ 0.756 this week.