Asia markets mostly lower as investors assess trade data from China and Australia

Asia-Pacific markets were mostly lower on Thursday, following a sell off on Wall Street and as investors assess trade data from China and Australia.

Chinese imports and exports fell 7.3% and 8.8% year on year, respectively, less than the 9% and 9.2% drops forecasted by a poll of economists by Reuters.

In Australia, the S&P/ASX 200 slid 0.93% ahead of its July trade data release, leading losses in Asia.

Japan’s Nikkei 225 fell 0.11% after eight straight days of gains, while the Topix was close to the flatline

South Korea’s Kospi saw a 0.8% loss, while the Kosdaq was 1.05% higher.

Hong Kong’s Hang Seng index shed 0.79%, while mainland Chinese markets were lower, with the CSI 300 down by 0.61%.

Overnight in the U.S., all three major indexes saw a sell off as concerns mounted that the Federal Reserve may not be done hiking interest rates.

The Dow Jones Industrial Average sank 0.57%, while the S&P 500 dropped 0.7%. The Nasdaq Composite saw the largest loss, falling 1.06%.

— CNBC’s Samantha Subin and Alex Harring contributed to this report