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SINGAPORE ā€” Asia-Pacific futures point to a lower open on Tuesday after Wall Street slid overnight.

The Nikkei futures contract in Chicago was at 26,625 while its counterpart in Osaka was at 26,590. This compares to the Nikkei 225ā€™s last close at 26,812.3.

SPI futures in Australia were at 6,521, lower than the S&P/ASX 200ā€™s last close at 6,602.2.

Tuesday is quiet on the data front, but investors will be eagerly awaiting the next US inflation report and Chinese GDP report later this week. The Bank of Korea will also meet this week.

In company news, Japanese automaker Toyota Motor said Monday it was extend the suspension of a production line at its Motomachi plant to investigate the cause of a recall for one of its models.

About 4,000 units will be affected by the suspension and the global production plan will not be changed, the company said.

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In the United States, the main indexes fell ahead of the earnings season.

The Dow Jones Industrial Average fell 164.31 points, or 0.52%, to close at 31,173.84. The S&P 500 slipped 1.15% to 3,854.43 and the Nasdaq Composite lost 2.26% to 11,372.60.

US-listed shares of electric vehicle maker Nio fell nearly 9% overnight on Covid concerns in China.

Currencies

The The US dollar index, which tracks the greenback against a basket of its peers, rose above 108 and was last at 108.021.

The Japanese yen was trading at 137.35 to the dollar, after weakening above 137 against the greenback on Monday. The Australian dollar has weakened sharply this week and last stood at $0.6740.

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