Brightly lit skyscrapers stand in the central business district of Beijing, China, at sunset on November 13, 2023.
VCG | Visual China Group | Getty Images
Asia-Pacific markets opened lower on Wednesday, with Japan’s Nikkei leading the losses following losses on Wall Street.
According to a statement from the Ministry of Housing and Urban-Rural Development, investors will be eyeing more stimulus measures to prop up China’s real estate sector as the country’s minister of housing and urban-rural development will hold a press conference at 10 a.m. local time on Thursday. State Council Information Office on Tuesday.
Meanwhile, Asian traders assessed economic data from the region. New Zealand reported consumer price index The annual growth rate in the third quarter was 2.2%, in line with economists’ expectations in a Reuters poll. It rose 0.6% month-on-month, slightly lower than the 0.7% expected.
Korean seasonally adjusted unemployment rate It was 2.5% in September and 2.4% in August.
Japanese Nikkei 225 Index It fell 1.85%, while the Topix fell 1.13%.
Hong Kong Futures Hang Seng Index The index closed at 20,096 points, well below the previous close of 20,318.79 points – the index fell 3.7% after choppy trading on Tuesday.
Australian S&P/ASX 200 Index It opened the day down 0.4%.
South Korea’s Kospi fell 1.22% and the small-cap Kosdaq fell 0.93%.
U.S. stocks plunged overnight amid corporate earnings season.
this Dow Jones Industrial Average It fell 324.80 points, or 0.75%, to close at 42,740.42 points. The 30-stock average hit a new intraday record before slipping. this S&P 500 Index It fell 0.76% to close at 5,815.26. Nasdaq Index It fell 1.01% to 18,315.59.
Monday’s gains saw the S&P 500 and Dow hit record highs.
West Texas Intermediate Oil Oil futures recovered slightly on Wednesday after falling more than 4% overnight. Following the report Israel has told the United States that it does not plan to target Iranian oil facilities.
—CNBC’s Lisa Kailai Han and Yun Li contributed to this report.
