Asia-Pacific markets mostly set to extend losses, tracking Wall Street's second straight fall

1 month ago 26

The World's busiest pedestrian crossing

© Marco Bottigelli | Moment | Getty Images

Asia-Pacific markets are mostly acceptable to unfastened little connected Thursday, extending losses arsenic some the S&P 500 and Nasdaq Composite slipped for a 2nd consecutive day.

"Investors are a spot connected edge; it's a low-conviction trade. Everyone's waiting for this Friday employment report, and until then, we're successful a spot of a holding pattern." Keith Lerner, co-chief concern serviceman astatine commercialized slope Truist said.

Investors successful Asia are assessing July wage information retired of Japan, which could supply a hint to the Bank of Japan's monetary argumentation moves.

Average monthly currency net successful the country roseate 3.6% year-on-year, a softer emergence compared to the 4.5% ascent seen successful June.

A beardown wage study would springiness the cardinal slope much information supporting a complaint hike, portion a anemic study volition constrain its options.

Other economical information coming from the portion see August commercialized information from Australia and Singapore's retail income numbers for July.

Japan's Nikkei 225 futures pointed to a weaker unfastened for the market, with the futures declaration successful Chicago astatine 36,295 and its counterpart successful Osaka astatine 36,250 compared to the erstwhile adjacent of 37,047.61.

Should the futures beryllium true, this volition beryllium the archetypal clip since Aug 15. that the scale had dipped beneath the 37,000 mark.

Futures for Australia's S&P/ASX 200 stood astatine 7,940, somewhat little than its past adjacent of 7,950.

In contrast, Hong Kong Hang Seng index futures were astatine 17,461, conscionable marginally higher than the HSI's past adjacent of 17,457.34.

In the U.S., the S&P 500 and the Nasdaq Composite was down for a 2nd consecutive session.

The wide based index lost 0.16%, portion the tech heavy index slipped 0.3%. The Dow Jones Industrial Average was the outlier, edging up 0.09%.

—CNBC's Samantha Subin and Sarah Min contributed to this report.

Read Entire Article