Most Asian index futures signaled a rebound following light pre-Thanksgiving trading in the U.S., while the dollar maintained gains.
With U.S. markets shut for the holiday Thursday and calls for an easing in tensions between Russia and Turkey, the Standard & Poor’s 500 Index meandered last session, closing little changed for a third day. Futures on stock gauges in Japan and Hong Kong rose, while those on Australian shares slipped amid early declines in New Zealand equities. The greenback held near a seven-month high versus the euro as investors mulled the likely divergence in global monetary policy. U.S. crude oil was back above $43 a barrel.
The S&P/NZX 50 Index in Wellington lost 0.1 percent by 7:43 a.m. Tokyo time, following the S&P 500’s drop of less than 0.1 percent. Futures on Australia’s S&P/ASX 200 Index were down 0.3 percent in most recent trading, while those on the the Nikkei 225 Stock Average were up 0.5 percent in Osaka amid a retreat in the yen.
Futures on Hong Kong’s Hang Seng and Hang Seng China Enterprises indexes climbed 0.3 percent, and those on the FTSE China A50 Index were up 0.1 percent in Singapore. Kospi index futures in Seoul were little changed.
Thailand also reports on car sales Thursday and Hong Kong issues data on trade. An update on Indonesian money supply is due.