ARTICLE AD BOX
Containers at a shipping terminal in Yokohama, Japan on Oct. 18, 2021. Japan's trade deficit surged in September as imports overwhelmed export growth.
Kiyoshi Ota | Bloomberg | Getty Images
Asia-Pacific markets are set to open mixed on Wednesday, following losses on Wall Street that saw the Dow Jones Industrial Average tumble for a ninth straight day.
Investors in Asia will assess trade data out of Japan, which will be released later in the day, ahead of a Bank of Japan rate decision this week.
The country's exports are expected to have increased 2.8% in November year-over-year according to economists polled by Reuters. Imports are expected to have risen 1%.
Japan's Nikkei 225 futures pointed to a lower open for the market, with the futures contract in Chicago at 39,340 and its counterpart in Osaka at 39,270 compared to the previous close of 39,364.68.
Australia's S&P/ASX 200 opened to trade flat.
Hong Kong Hang Seng index futures were at 19,872 higher than the HSI's last close of 19,700.5.
Traders are looking ahead to the People's Bank of China loan prime rates set for release on Friday. The one-year LPR influences corporate loans and most household loans in China, while the five-year LPR serves as a benchmark for mortgage rates.
In the U.S. on Tuesday, the blue-chip Dow entered the history books with its first nine-day losing streak since 1978.
The 30-stock average slid 267.58 points, or 0.61%, to settle at 43,449.90. The S&P 500 lost 0.39% and closed at 6,050.61, while the Nasdaq Composite dropped 0.32% to end at 20,109.06.
The Dow's losing streak began the day after it closed above 45,000 for the first time ever earlier in the month and it comes at a time when the broader market is doing well.
The S&P 500 hit a new high on Dec. 6 and sits less than 1% from that level. The Nasdaq hit a record on Monday.
Driving the Dow's losses has been a rotation into technology stocks and out of some of the more old-economy stocks that gained in November following Donald Trump's historic election win.
— CNBC's Brian Evans and Samantha Subin contributed to this report.
CNBC Pro: These 6 stocks rose as Nvidia fell into correction territory
Six stocks in the S&P 500 have been inversely correlated to Nvidia's share price moves over the past month, according to analysis by CNBC Pro.
Five of the six stocks have also risen by an average of 6.75% alongside Nvidia's fall from all-time highs.
It comes as Nvidia fell into correction territory this week, meaning it's fallen over 10% from its closing high of $148.88 reached last month.
CNBC Pro subscribers can read more here.
— Ganesh Rao
S&P 500 advance-decline line on 11-day losing streak
The Dow's nearly nine-day losing streak is not the only slump investors should be keeping an eye on.
Larry Benedict of The Opportunistic Trader said the S&P 500's advance-decline line has fallen for 11 straight sessions, its longest streak since at least 2001. The A/D line is a market indicator that compares the number of S&P 500 stocks rising or falling each trading day.
That sign of weak market breadth may be more of a warning sign for investors than the Dow's protracted slide.
"[The Dow]'s only 30 stocks, and really it's not indicative. ... Really I think the A/D line is really a big deal, because that's 500 stocks. That's not 30. That's really much more broad based, and it's really telling the story of the market," Benedict said.
— Jesse Pound
English (US)