Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise.
pongnathee kluaythong | Moment | Getty Images
Asia-Pacific markets were lower on Wednesday as investors digested key economic data across the region.
Japan’s Nikkei 225 was 1.44% lower as the nation’s producer price index rose 1.6% on an annualized basis. The Topix dropped 1.28%. In South Korea, the Kospi shed 1.29% and the Kosdaq was 1.17% lower.
The S&P/ASX 200 was 0.45% lower as Australia saw its wage price index for the fourth quarter of 2022 come in lower than estimates.
In New Zealand, the S&P/NZX 50 Index fell 0.78%, as the country’s central bank raised interest rates from 4.25% to 4.75%, in line with economists expectations.
Hong Kong’s budget will be delivered later today by financial secretary Paul Chan, it will also include GDP figures for 2022. The Hang Seng index opened fractionally lower, while the Hang Seng Tech index fell 1.05%.
In mainland China, the Shenzhen Component fell 0.48%, while the Shanghai Composite dropped 0.44%.
