SINGAPORE — Futures in the Asia-Pacific region were set to open mixed on Monday ahead of the release of a private survey on Chinese factory activity for July.
Over the weekend, China’s official Purchasing Managers’ Index reading for July came in at 49, down from 50.2 in June and lower than the expected 50.4.
The Nikkei futures contract in Chicago was at 27,915 while its counterpart in Osaka was at 27,940. That compared against the Nikkei 225’s last close at 27,801.64 .
In Australia, SPI futures were at 6,906, higher/lower than the S&P/ASX 200’s last close at 6,945.2.
China’s Caixin/Markit manufacturing Purchasing Managers’ Index for July is expected to come in at 51.5, compared with 51.7 in June.
PMI readings are sequential and represent month-on-month expansion or contraction. The 50 mark separates growth from decline.
On Friday in the U.S., Alibaba was added to a list of companies at risk of delisting under the Holding Foreign Companies Accountable Act. U.S.-listed shares plunged 11% in the regular trading session.
HSBC is set to announce its interim earnings Monday.
Currencies
The Japanese yen traded at 133.50 per dollar, stronger than levels seen early last week. The Australian dollar was at $0.6971.
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