Asian Markets Mixed Amid Global Sell-Off and Economic Uncertainty

Asian markets showed mixed results following a global downturn. While Japan`s Nikkei 225 index fell, likely influenced by strong wage growth suggesting a potential interest rate hike, South Korea`s Kospi remained relatively stable despite economic contraction. Hong Kong`s Hang Seng index also dipped. This followed a decline in U.S. markets, attributed to a drop in job openings signaling a potential slowdown in hiring. Despite this, upcoming economic reports, including the ISM services sector index and the monthly jobs report, are expected to provide further clarity on the U.S. economy and potentially influence the Federal Reserve`s interest rate decisions.