Japanese salary data, Australian trade, Singapore retail sales | Wilnesh News

With the exception of Japan, Asia-Pacific markets mostly rebounded on Thursday from the previous day’s selloff.

Shortly after Japan’s July salary data was released, the Nikkei 225 Index and Topix opened down 0.92% and 0.49% respectively.

Average monthly cash income in the country Annual growth of 3.6%, slower than the same period last year up 4.5% June.

Real wages increased by 0.4% compared with the same period last year, which was the second consecutive monthly increase after a 1.1% increase in June.

A strong wage report would give the Bank of Japan more room to raise interest rates, which could weigh on stocks.

Other economic data from the region includes trade data from Australia and retail sales data from Singapore.

Korean Cospi The Kosdaq Small Cap Index rose 1.15%, and the Kosdaq Index of Small Caps rose 0.75%.

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

In contrast, Hong Kong Hang Seng Index Index futures were at 17,461 points, slightly higher than the Hang Seng Index’s last closing point of 17,457.34 points.

CSI 300 Index futures were at 3,251.2 points, slightly lower than the previous closing point of 3,252.16 points.

In the United States, the S&P 500 and Nasdaq fell for a second straight session.

The Composite Index fell 0.16% and the Technology Index fell 0.3%. The exception was the Dow Jones Industrial Average, which edged up 0.09%.

—CNBC’s Samantha Subin and Sarah Min contributed to this report.