Finished utility cover covers and frames are stored for shipment at Ito Tekko Co.’s foundry. in Kawaguchi, Saitama Prefecture,
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Asia-Pacific markets opened lower on Monday after a week that saw a broad rally in stocks.
Traders in Asia will be keeping an eye on central bank releases this week, including the Bank of Korea’s rate decision and minutes of the Reserve Bank of Australia’s August meeting.
Inflation data from Japan and Singapore will also be released on Friday, while China will announce its one-year and five-year prime rates on Tuesday.
Japan Nikkei 225 down 0.84%, while the broad-based Topix fell 0.8%.
Core engine orders in Japan fell 1.7% year-on-year in June, surprising economists who had expected a 1.8% rise. Machinery orders are viewed as a proxy for capital expenditure in the country.
South Korea’s Kospi opened 0.32% lower, and the small-cap Kosdaq fell 0.46%
Australia’s S&P/ASX 200 fell 0.11%.
Hong Kong’s Hang Seng Index futures are at 17,575, higher than the HSI’s last close of 17,430.16
