The momentum in Japan markets were largely driven by the country’s technology and financial sector.
Doctoregg | Moment | Getty Images
Asia-Pacific stock markets opened lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight.
Asian traders will assess Japanese corporate goods data, set for release later in the day. Economists polled by Reuters expect corporate goods prices to have risen by an average of 3% for the month of October compared to last year, up from 2.8% in September.
Japan’s Nikkei 225 was trading down 0.20% at open, while the Topix declined 0.12%.
South Korea’s Kospi fell 0.46%, while the Kosdaq Index was down 0.58%.
Australia’s S&P/ASX 200 was down 1.25%.
Hong Kong Hang Seng index futures were at 19,631, lower than the HSI’s last close of 19,846.88.
Overnight in the U.S., stocks fell with both the tech-heavy Nasdaq and the S&P 500 snapping five-day win streaks.
The Dow Jones Industrial Average dropped 382.15 points, or 0.86%, to 43,910.98, while the S&P 500 fell 0.29% to close at 5,983.99. The Nasdaq Composite ended the session marginally lower at 19,281.40.
Small-cap stocks, perceived as possible beneficiaries of Donald Trump’s return as U.S. president, were largely under pressure, with the Russell 2000 sliding about 1.8%.
— CNBC’s Brian Evans and Alex Harring contributed to this report.
