Asia-Pacific markets slip as investors assess Japan pay and household spending data

Asia-Pacific markets slip as investors assess Japan pay and household spending data


A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022.

Kiyoshi Ota | Bloomberg | Getty Images

Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan.

Real household spending in Japan fell 0.4% year on year in November, a softer fall compared to the 0.6% decline expected by a Reuters poll of economists.

The fall was also less than the 1.3% decline seen in October.

The average real income per household stood at 514,409 yen ($3,252.98) in November, up 0.7% from the previous year.

Japan’s Nikkei 225 fell 0.41% on its open, with the broad based Topix seeing a smaller loss of 0.27%.

South Korea’s Kospi was the only outlier, gaining 0.21%, but the small cap Kosdaq was down 0.14%

Australia’s S&P/ASX 200 reversed earlier gains to trade marginally below the flatline.

Futures for Hong Kong’s Hang Seng index were last at 19,320, pointing to a stronger open compared to the HSI’s close of 19,240.89.

Overnight in the U.S., markets were closed on Thursday due to the funeral of former president Jimmy Carter, but traders will assess labor data on Friday stateside, with nonfarm payroll numbers for December.

Economists expect the Bureau of Labor Statistics on Friday morning to report a gain of 155,000 in nonfarm payrolls, a step down from the surprising 227,000 increase in November but about in keeping with the four-month average. The unemployment rate is forecast to hold steady at 4.2%.

— CNBC’s Jeff Cox contributed to this report.



Source

Russia’s economy is creaking — and the Kremlin wants Russians to pay more for the war
World

Russia’s economy is creaking — and the Kremlin wants Russians to pay more for the war

Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the […]

Read More
Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown
World

Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown

Treasury Secretary Scott Bessent told CNBC’s on Thursday that U.S. economic growth could be hurt by the government shutdown. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a “Squawk Box” interview. “We could see a hit to the GDP, a hit to growth and […]

Read More
Berkshire Hathaway to buy Occidental’s OxyChem for .7 billion, in Buffett’s biggest deal in three years
World

Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash. The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany. […]

Read More