Not Much Expected from Asian Equities to Finish Week

Asian stocks appear set for a mixed open on Friday, as another slump in oil prices could offset the positive lead from Wall Street overnight.

Australia’s benchmark S&P ASX 200 headed lower on the last trading session of the week.  Japan’s Nikkei 225 could rebound after three straight sessions of losses. Stock futures in Osaka surged 1.8 percent to 17,530, well above the index’s previous close of 17,257. Japanese shares sagged to a two-week low in the previous session as a stronger yen and a downbeat machinery data curbed risk appetite.

U.S. stocks advanced on Thursday, cutting weekly losses, but euphoria over increased retail sales in November faded after crude dropped below $60 a barrel. The pullback escalated amid efforts to block a spending bill in the House, sparking worries of a government shutdown.


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