Asia opened
lower on Friday, after most local markets remained relatively flat throughout
the week as traders stayed on the sidelines, waiting for clues about US
interest rates from Jackson Hole.
Japan's Nikkei 225 sold off 0.84 percent, after government data released before market open showed the country's consumer prices for July fell, prompting concerns over the effectiveness of government stimulus. Across the Korean Strait, the Kospi declined 0.58 percent.
Chinese markets will be in focus today when they open at 9:30 a.m. HK/SIN, after major mainland indexes sold-off on Thursday due to concerns over the amount of spare cash in the banking system, as well as fears of an overheating property market.
Japan's Nikkei 225 sold off 0.84 percent, after government data released before market open showed the country's consumer prices for July fell, prompting concerns over the effectiveness of government stimulus. Across the Korean Strait, the Kospi declined 0.58 percent.
Chinese markets will be in focus today when they open at 9:30 a.m. HK/SIN, after major mainland indexes sold-off on Thursday due to concerns over the amount of spare cash in the banking system, as well as fears of an overheating property market.
