Asia Pacific stocks set to slip; China's loan prime rates ahead [CNBC]
Gilead Sciences, Inc. (GILD)
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Source: CNBC
Asia Pacific stocks were set to slip at the Monday open as investors awaited the release of China's benchmark lending rate. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 19,615 while its counterpart in Osaka was at 19,590. That compared against the Nikkei 225's last close at 19,897.26. Shares in Australia were also set to see declines. The SPI futures contract was at 5,464, as compared to the S&P/ASX 200's last close at 5,487.50. Investors await the release of China's loan prime rate, set to be out around 9:30 a.m. HK/SIN, with a cut expected by traders and analysts surveyed by Reuters. Coronavirus developments will likely also continue to be watched, with more than 2.3 million infected globally while at least 164,000 lives have been taken, according to data compiled by John Hopkins University. Stocks globally had gotten a boost late last week after a report said patients with severe virus symptoms were quickly recovering after usin
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