The Reserve Bank of India xxxx announced interest rates on August 6, 2023, as inflation cooled in the world’s fifth-largest economy.
Puneet Paranipet | AFP | Getty Images
Asia-Pacific markets opened lower on Thursday as Wall Street fell overnight, while investors also awaited trade data on interest rate decisions in Japan and India.
The Dow Jones Industrial Average fell 0.60% and the S&P 500 fell 0.77%. The tech-heavy Nasdaq fell 1.05%. All indexes were higher earlier in the session before losses in Nvidia and other big tech stocks.
Earlier this week, global stock markets and currencies plummeted after the Bank of Japan raised interest rates to their highest level since 2008 and U.S. employment data was weaker than expected.
On Thursday, Asian investors will assess Japan’s trade data and the Reserve Bank of India’s interest rate decision.
Economists polled by Reuters said Japan’s June trade surplus is expected to be about 1.789 trillion yen.
The Reserve Bank of India is expected to keep interest rates at 6.5% for the ninth consecutive time.
Australia’s S&P/ASX 200 index futures were at 7,598 points, lower than the previous closing point of 7,699.8 points.
Japan’s Nikkei 225 Index Futures showed the market opened lower, with the Chicago futures contract at 34,070 points and the Osaka futures contract at 34,350 points, compared with the previous closing price of 35,089.62 points.
Hongkong Hang Seng Index Index futures were at 16,735 points, lower than the Hang Seng Index’s last closing point of 16,877.86 points.
—CNBC’s Brian Evans and Hakyung Kim contributed to this report.
About The Author
