singapore shares in asiapacific appeared set for a lower start on friday as investors look ahead to the release of may inflation data from china and the us futures pointed to a lower open for japanese stocks the nikkei futures contract in chicago was at 28085 while its counterpart in osaka was at 27980 lower than the nikkei 225s last close at 2824653 australian stocks also looked poised to open lower with the spi futures contract at 69640 against the spasx 200s last close at 701970 chinas inflation data for may is expected to be out on friday morning the us is also set to announce its may consumer price index report later friday stateside investors will also monitor hong konglisted shares of alibaba on friday after jack mas ant group and chinese regulators squashed talk of reviving ants public listing uslisted shares of alibaba dropped 813 on thursday following the announcements overnight stateside the sp 500 slipped 238 to 401782 the dow jones industrial average plunged 63811 points or 194 to 3227279 the techheavy nasdaq composite dropped 275 to 1175423 the us dollar index which tracks the greenback against a basket of its peers was at 103223 after recently crossing the 103 level the japanese yen traded at 13444 per dollar struggling to recover after weakening from levels below 132 against the greenback earlier this week the australian dollar was at 071 following a recent drop from above 0714