Japan pay data, Australia trade, Singapore retail sales

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Japan pay data, Australia trade, Singapore retail sales

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Asia-Pacific markets mostly rebounded on Thursday from the sell-off the day before, except markets in Japan.

The Nikkei 225 and Topix fell 0.92% and 0.49%, respectively on open, shortly after the release of Japan’s July wage data.

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rose 3.6% year-on-year, a softer rise compared to the

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in June.

Real wages climbed 0.4% year-on-year, the second straight month of increase after the 1.1% rise in June.

A strong pay report would give the Bank of Japan more room for a rate hike, which could put pressure on equities.

Other economic data coming from the region include trade data from Australia and retail sales numbers from Singapore.

South Korea’s Kospi rose 1.15%, while the small cap Kosdaq was 0.75% higher.

Australia’s S&P/ASX 200 climbed 0.48% ahead of the trade data release.

In contrast, Hong Kong Hang Seng index futures were at 17,461, just marginally higher than the HSI’s last close of 17,457.34.

Futures for the mainland ******** CSI 300 were at 3,251.2, marginally lower than its last close of 3,252.16.

In the U.S., the S&P 500 and the Nasdaq Composite was down for a second straight session.

The broad based index lost 0.16%, while 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.

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#Japan #pay #data #Australia #trade #Singapore #retail #sales

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