Asia markets range-bound as Wall Street rally dissipates

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Asia Pacific

Asia markets range-bound as Wall Street rally dissipates

Asia-Pacific markets are mostly in the red today, as a Wall Street rally falters, while investors are mostly focused on Japan and India. Japan's wage negotiations finished on Wednesday, with the first overall estimate due out on Friday. Reports from local outlets are already showing that large firms offered "major" wage hikes. Strong wage increases could clear the way for the Bank of Japan to start unwinding its ultra easy monetary policy, with the central bank due to meet next Monday and Tuesday. In India wholesale inflation is also in the spotlight today amid a serious wave of protests, particularly in the farming sector.