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Australian stocks set to open higher; Japan markets closed for 10-day holiday

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Japan is currently on a 10-day holiday from April 27 to May 6 to celebrate the enthronement of the country's Crown Prince Naruhito.

The S&P 500 and Nasdaq Composite finished the previous trading week stateside at record highs, following the release of better-than-expected U.S. economic data.

Meanwhile, the Chinese markets stumbled to their worst weekly performance since October last week, with the Shanghai composite dropping nearly 6%. Shares in Australia were set to open higher on Monday morning, while markets in Japan are closed for a holiday.in Australia. The SPI futures contract was at 6,366.0, as compared to the benchmark index Down Under's last close at 6,385.60.to celebrate the enthronement of the country's Crown Prince Naruhito.

 

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