A lower open is in store for Asian bourses on Thursday, after Wall Street finished sharply lower overnight on the back of further oil price declines.
Australia’s S&P ASX 200 index opened down 0.6 percent, weighed down by losses in the banking majors and iron ore producers. Macquarie Group lost 2.4 percent while Fortescue Metals retreated 4 percent.
Trade in Japanese stock futures suggests the benchmark index is set to fall, furthering the week’s losses. Futures in Chicago traded at 17,170 after earlier Osaka futures fell over 1 percent to 17,280; both below where the Nikkei 225 closed.