Elizabeth Quay in Perth City
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Asia-Pacific markets mostly fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest developments on the trade front.
Australia’sS&P/ASX 200declined by 0.52%, ahead of the release of its GDP reading for the second quarter ended June. Economists polled by Reuters forecast a 1.6% expansion from the year before, compared to the 1.3% posted in the previous quarter ended March.
Japan’sNikkei 225lost 0.43%, while the broader Topix index moved down 0.35%.
Over in South Korea, theKospiindex ticked up 0.16%, while the small-cap Kosdaq was flat.
Futures for Hong Kong’sHang Seng indexstood at 25,445, pointing to a weaker open compared with the HSI’s last close of 25,496.55.
Chinese markets will be in focus as President Xi Jinping is set to speak at a military parade to commemorate the 80th anniversary of the end of World War II later in the day.
The event will be graced by 26 world leaders, including Russian President Vladimir Putin and North Korea’s leader Kim Jong Un.
U.S. equity futures mostly rose in early Asia hours, after a federal court ruling on an antitrust case on Google-parent Alphabetfueled optimism that tech majors will be able to navigate regulatory threats.
Overnight stateside, all three key benchmarks ended the day lower.
TheDow Jones Industrial Averageended down 249.07 points, or 0.55% to close at 45,295.81. The broad-basedS&P 500dropped 0.69% to settle at 6,415.54, while theNasdaq Compositeslid 0.82% to close at 21,279.63.
— CNBC’s Pia Singh, Sean Conlon and Sarah Min contributed to this report.
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