A view of the automated container port in Qingdao in east China’s Shandong province.
Zhang Jingang | Future Publishing | Getty Images
Asia-Pacific markets were mostly lower on Thursday, following a sell off on Wall Street and ahead of trade data from China and Australia.
Chinese imports and exports for August are forecasted to fall 9.2% and 9% year-on-year, respectively, according to a poll of economists by Reuters, which is smaller than the 14.5% and 12.4% drops in July.
In Australia, the S&P/ASX 200 slid 0.93% ahead of its July trade data release, leading losses in Asia.
Japan’s Nikkei 225 fell 0.11% after eight straight days of gains, while the Topix was close to the flatline
South Korea’s Kospi saw a 0.8% loss, while the Kosdaq was 1.05% higher.
Hong Kong’s Hang Seng index shed 0.79%, while mainland Chinese markets were lower, with the CSI 300 down by 0.61%.
Overnight in the U.S., all three major indexes saw a sell off as concerns mounted that the Federal Reserve may not be done hiking interest rates.
The Dow Jones Industrial Average sank 0.57%, while the S&P 500 dropped 0.7%. The Nasdaq Composite saw the largest loss, falling 1.06%.
— CNBC’s Samantha Subin and Alex Harring contributed to this report
