news-details

Japan stocks lead declines in Asia-Pacific markets; China housing briefing in focus

Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China.

Asia-Pacific markets opened lower Wednesday, with Japan stocks leading losses, following declines on Wall Street.

Investors will be watching for more stimulus measures to prop up the real estate sector in China as its housing minister is set to hold a press briefing on Thursday 10 a.m. local time, according to a statement from the State Council Information Office on Tuesday.

Traders in Asia also assessed economic data from the region. New Zealand reported that its consumer prices index for the third quarter rose 2.2% year on year, in line with economists' expectations in a Reuters poll. It climbed 0.6% on quarter, slightly lower than the anticipated 0.7%.

South Korea's seasonally-adjusted unemployment rate came in at 2.5% in September, compared to 2.4% in August.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market