Asia markets poised for fall ahead of Japan trade balance and Australia unemployment figures
Australia's unemployment figures will be a key consideration for the country's central bank when it decides its monetary policy in November.
As Australia waits for its September unemployment figures and Japan's September trade balance data, the Asia-Pacific markets will likely fall.
The 10-year Treasury yield has broken above 4,9% for the first since 2007.
The average 30-year fixed-rate mortgage rate has reached 8%, its highest level since 2000.
The S&P/ASX 200 in Australia fell 1.36% early on, wiping out all of the gains made so far this week.
The Nikkei index in Japan is also expected to fall. Futures contracts in Chicago and Osaka are at 31,625 against the last close of 32 044.
Futures for Hong Kong’s Hang Seng Index stood at 17,569 extending losses since Wednesday. This indicates a weaker opening compared to the HSI’s close of 17732.52.
All three major US indexes fell on Wednesday, and none was in positive territory during the session.
The Dow Jones Industrial Average dropped 0.98% or more than 300 points. The S&P 500 fell 1.34% while the Nasdaq Composite fell 1.62%.
This report was contributed by Samantha Subin of CNBC and Alex Harring.
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