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Indonesia News Portal for Traders | Financial & Business Updates

16 October 2024 07:50  |

Japan’s Nikkei leads Asia Pacific declines after Wall Street falls

Asia Pacific markets opened lower on Wednesday, with Japan’s Nikkei leading declines, following a decline on Wall Street.

Investors will be watching for more stimulus measures to support China’s real estate sector as its housing minister will hold a press conference at 10 a.m. local time on Thursday, the State Council Information Office said on Tuesday.

Traders in Asia are also assessing economic data from the region. New Zealand reported that its consumer price index rose 2.2% year-on-year in the third quarter, in line with economists’ expectations in a Reuters poll. The index rose 0.6% on-quarter, slightly lower than the 0.7% expected.

South Korea’s seasonally adjusted unemployment rate was 2.5% in September, compared with 2.4% in August.

Source: CNBC

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