Asia-Pacific markets set to open lower after declines on Wall Street

Asia-Pacific markets set to open lower after declines on Wall Street

SINGAPORE — Asia-Pacific markets dropped on Thursday following two days of declines on Wall Street. The in Japan fell 1.87% in early trade, while the Topix slid 1.98%. Australia's was down 0.58%. In Korea, the slipped 0.93% while the Kosdaq declined 1.02%. Nasdaq and Hong Kong-listed announced that Xu Lei will succeed founder Richard Liu as CEO of the company effective immediately. Liu will remain chairman of the board of directors, while Xu will be an executive director. and Xu was named president of JD. In central bank news, the Reserve Bank of India will continue its monetary policy meeting on Thursday. Overnight in the U.S., as investors reacted to Fed guidance on tightening monetary policy. Fed meeting minutes showed that officials are looking to Interest rates are also expected to rise more quickly. The slipped 144.67 points, or 0.42%, to 34,496.51. The fell 0.97% to 4,481.15, and the dropped another 2.22% to 13,888.82 after falling about 2.3% on Tuesday. The 10-year Treasury yield rose to a three-year high above 2.65% on Wednesday and was last at 2.5807%. On the economic front, U.S. weekly jobless claims data is set to be released Thursday morning in the U.S. Oil up more