Japan bay data, China markets

SINGAPORE – Chinese markets edged lower on Tuesday after the country’s National Development and Reform Commission gave few details on further stimulus.

China’s CSI 300 opened up more than 10% on Tuesday as it returns from the Golden Week holiday, with the index posting a 5.93% gain to close at 4,256.1.

Hong Kong’s Hang Seng index briefly fell more than 10% before recovering slightly in its final hour with a small loss of 9%.

Other Asia-Pacific markets were mostly lower on Tuesday as investors looked ahead to August wages and spending data from Japan.

Housing costs in Japan In real terms it fell 1.9% year-on-year in August, a softer decline than the 2.6% decline expected by a Reuters poll of economists.

The decline was the fastest decline since January, which saw a 6.3% year-over-year decline. That decline came before spring wage talks offered unionized Japanese workers the biggest pay hike in 33 years.

However, real wages rose in August, with wages rising 2% to an average of 574,334 yen ($3,877.44), according to data from the country’s statistics bureau.

Criterion Nikki 225 After the release, it fell 1% to end at 38,937.54, while the Topix fell 1.47% to end at 2,699.15.

of South Korea Cosby It fell 0.61% to end at 2,594.36, dragged down by heavyweight Samsung Electronics shares, which posted worse-than-expected third-quarter guidance.

Small-cap Costco closed down 0.35% at 778.24.

of Australia S&P/ASX 200 It ended 0.35% lower at 8,176.9.

Overnight in the US, stocks fell as rising oil prices and higher Treasury yields weighed on market sentiment.

The Dow Jones Industrial Average fell 0.94%, while the S&P 500 fell 0.96%. The Nasdaq Composite was the biggest loser, down 1.18%.

The benchmark 10-year Treasury yield rose to 4.02%, the first time since August that the yield rose to 4%.

Oil prices have risen due to tensions in the Middle East. U.S. crude rose more than 3% to over $77 a barrel.

— CNBC’s Lisa Kailai Hahn and Jesse Pound contributed to this report.