Solid Gold Berjangka | Asia markets all fall ahead of U.S. inflation data
Asia-Pacific markets fell as investors braced for July consumer price index data out from the U.S. on Thursday.
Expectations from economists polled by Reuters are the inflation rate will come in at 3.3%, slightly higher from the 3% seen in June.
Japan’s Nikkei 225 slid 0.33% and the Topix was down 0.16%. The country saw its July wholesale inflation rate — which measures the price companies charge each other for goods and services — slow to 3.6%, down from a revised figure of 4.3% in June.
Australia’s S&P/ASX 200 traded just below the flatline, with South Korea’s Kospi was down 0.43% and the Kosdaq lost 0.77%
Futures for Hong Kong’s Hang Seng index stood at 19,168, pointing to a lower open compared to the HSI’s last close of 19,246.03.
Overnight in the U.S., all three major indexes lost ground, with the tech-heavy Nasdaq leading losses and shedding 1.17%. The Dow Jones Industrial Average lost 0.54%, while the S&P 500 shed 0.7%.
Source: CNBC
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