Not Much Expected From Asian Equities

Asian stock markets are set for a lackluster session on Thursday as sliding commodity prices overshadow a record close on Wall Street.

Australia’s S&P ASX 200 index was flat in early trade, little changed from Wednesday’s one-week high. Miners weighed on the benchmark as iron ore prices hit a new five-year low overnight at $68.49 a ton; BC Iron lost over 2 percent and BHP Billiton fell 1 percent.

Japanese shares may extend losses with futures in Osaka down 0.3 percent at 17,330 and Chicago futures 0.5 percent lower at 17,350. Both are below the Nikkei’s previous close of 17,383.

CNBC

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