Asia-Pacific markets set to slip as pandemic concerns weigh on sentiment

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The Dow Jones Industrial Average dropped more than 250 points overnight on Wall Street as reopening plays declined.

Markets in India are closed on Wednesday for a holiday.SINGAPORE — Stocks in Asia-Pacific looked set for a lower start on Wednesday as a surge in coronavirus cases in countries like India weighs on the economic outlook and investor sentiment.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,645 while its counterpart in Osaka was at 28,610. That compared against theShares in Australia also looked poised to decline. The SPI futures contract sat at 6,911, as compared with thelast close at 7,017.80. Australia's preliminary retail sales data for March is expected at 9:30 a.m. HK/SIN.

Markets in India are closed on Wednesday for a holiday. The coronavirus situation in the country remains severe, with

 

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