Wall Street recovery stalls, causing Asia markets to open lower as investors assess Japan's trade data.

Wall Street recovery stalls, causing Asia markets to open lower as investors assess Japan's trade data.
Wall Street recovery stalls, causing Asia markets to open lower as investors assess Japan's trade data.
  • Asia-Pacific markets open lower on Thursday, tracking with losses on Wall Streets.
  • Investors from Asia evaluated trade statistics from Japan and anticipated the Reserve Bank of India's interest rate announcement.

On Thursday, Asia-Pacific markets opened lower due to Wall Street's decline overnight. Investors evaluated trade data from Japan and anticipated India's rate decision.

While the Dow Jones Industrial Average fell 0.60%, the S&P 500 declined 0.77%, and the tech-heavy Nasdaq Composite dropped 1.05%, all indexes had been up earlier in the session before Nvidia and other big technology stocks fell.

Earlier this week, global equities and currencies fell due to the Bank of Japan's decision to increase interest rates to their highest levels since 2008 and the U.S.'s release of weaker-than-expected employment numbers.

On Thursday, investors in Asia will evaluate trade data from Japan and the Reserve Bank of India's interest rate decision.

The current account balance of Japan in June was 1.533 trillion yen, which is lower than the predicted 1.789 trillion yen by economists surveyed by Reuters.

It is predicted that the Reserve Bank of India will maintain a rate of 6.5% during its ninth consecutive meeting.

Japan's stock market opened 1.8% lower, while the broad-based Topix dropped over 1%.

The Kospi, South Korea's stock market index, decreased by 1%, while the Kosdaq, which represents small-cap companies, fell more than 1%.

Australia's S&P/ASX 200 dropped 0.3% at open.

The HSI's last close of 16,877.86 was higher than the Hong Kong futures at 16,735.

—CNBC's Brian Evans and Hakyung Kim contributed to this report.

by Dylan Butts

Markets