Asia markets slip as Japan real wages fall for 26th straight month; China stocks drop for fifth day

Investors await U.S. consumer price index reading, due Thursday stateside, to assess the Federal Reserve's interest rate path.

Data from the country's ministry of health, labor and welfare indicated that real wages in Japan fell 1.4% year on year in May, its 26th straight month of decline The mainland Chinese CSI300 slid 0.3%, on pace for a fifth day of losses and marking its lowest level since February. Asia-Pacific markets opened mixed on Monday as investors awaited key economic data from the U.S. and China later this week, while election results in France overnight signaled a hung parliament.Investors await the U.S. consumer price index reading, due Thursday stateside, to assess the Federal Reserve's interest rate path, while China's inflation figures on Wednesday will signal the state of the country's economic recovery.

It is not immediately clear how many workers will join the strike, but the union's poll found about 8,100 members saying they would do so as of Monday morning.dropped 0.46%, while the mainland Chinese CSI300 slid 0.3%, on pace for a fifth day of losses and marking its lowest level since February.rose to new highs, with both indexes posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.

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Asia markets mixed as China manufacturing contracts again, Japan business confidence at 2-year highInvestors in Asia are coming off a positive inflation report in the U.S. last week, and will assess business data from the region.
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