China Housing Briefing, South Korea Unemployment Rate | Wilnesh News

Asia-Pacific markets opened lower on Wednesday, with Japan’s Nikkei leading the decline 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 Hang Seng Index futures were at 20,096 points, well below the previous closing price of 20,318.79 points – the index fell 3.7% after a volatile session 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.

The Dow Jones Industrial Average 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. The S&P 500 Index fell 0.76% to close at 5,815.26 points; the Nasdaq Index fell 1.01% to close at 18,315.59 points.

Monday’s gains saw the S&P 500 and Dow hit record highs.

West Texas Intermediate crude oil futures fell more than 4% overnight before recovering slightly on Wednesday after reports that Israel had told the United States that it did not plan to strike Iranian oil facilities.

—CNBC’s Lisa Kailai Han and Yun Li contributed to this report.