Asia-Pacific Markets Set for Lower Open as Nikkei 225 Falls Over 2%, Awaiting China Data

Asia-Pacific markets are set for a lower open as investors await key economic data from China. The Nikkei 225 has experienced a significant decline, down over 2% and futures down 1.1%, influenced by heavy selling and recent falls in European and US markets. Other markets in the region are also seeing declines, with the ASX 200 down 0.1% at 7713, KOSPI down 0.2%, HSI down 0.73%, and A50 down 0.22% at 12252. The broader sentiment in the region remains cautious as traders anticipate the latest Chinese activity data.