Asia-Pacific Markets Set to Climb as Region Awaits Slew of Economic Data – NBC Los Angeles

This is CNBC’s live blog covering Asia-Pacific markets.

Asia-Pacific shares are set to climb on Thursday as the region awaits the release of a slew of economic data.

The Nikkei futures contract in Chicago was at 27,415 while its counterpart in Osaka was at 27,390. Both are higher compared to the Nikkei 225’s last close at  27,395.01 as investors await the Bank of Japan’s summary of opinions from last week’s meeting.

The Japanese yen last stood at 129.32 against the U.S. dollar.

Hong Kong and Philippines are also slated to release trade data. South Korea’s gross domestic product shrank 0.4% in the fourth quarter, marking the first contraction in more than two years.

Markets in China and Australia are closed for a holiday.

Overnight in the U.S., stocks mostly dipped, as technology stocks languished following Microsoft’s lackluster guidance.

Stocks finish mixed

Stocks were mixed Wednesday.

The Dow Jones Industrial Average rose 9.88 points, or 0.03%, to end at 33,743.84. The Nasdaq Composite dipped 0.18% to close at 11,313.36, and the S&P 500 dipped 0.02% to settle at 4,016.22.

— Samantha Subin

Microsoft shares shed after-hours gains, turn negative

Microsoft shares slid about 1% in after-hours trading, reversing earlier gains.

Shares were initially higher after the company posted quarterly earnings per share that beat the Street’s expectations. However, investors’ sentiment soured after Microsoft issued disappointing guidance for revenue in the current quarter on its earnings conference call.

The company forecasted $50.5 billion to $51.5 billion in fiscal third quarter revenue, while analysts surveyed by Refinitiv anticipated $52.43 billion.

Read more about Microsoft’s results here.

Darla Mercado, Jordan Novet

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