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Asian stocks mixed after Wall Street extends losses as technology and energy stocks fall

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Wall Street,The Fed

HONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...

HONG KONG — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other sectors.Data released Thursday showed Japan's wage growth remains strong, as average cash earnings in July grew 3.6% year-on-year, beating market expectations, while real earnings unexpectedly increased by 0.4% in July, increasing the likelihood of another rate hike.

Several other reports this week will help give a clearer picture of the economy for the Fed and Wall Street.The Institute for Supply Management will release its services sector index for August on Thursday. The services sector is the biggest component of the U.S. economy. In the bond market, the yield on the 10-year Treasury fell to 3.76% from 3.83% late Tuesday. That’s down from 4.70% in late April, a significant move for the bond market. The yield on the 2-year Treasury, which more closely tracks potential action from the Fed, fell to 3.76% from 3.87%.

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