The MSCI Asia Pacific Index slipped 0.4 percent by 11:03 a.m. in Tokyo with Japan’s Topix index sliding 1.3 percent as most stocks traded without the right to their latest dividend. Australian shares fell. Standard & Poor’s 500 Index futures rose 0.1 percent after the gauge fell 0.7 percent in New York. The yen climbed to a one-week high versus the dollar. A guage of credit-default swap prices for Asia climbed 2 basis points. Platinum snapped a three-day drop.
Obama said after a meeting with European leaders that there were consequences for being complacent over Russia’s annexation of Crimea from Ukraine. China reported industrial profits climbed 9.4 percent year to date as data from manufacturing to overseas trade stokes concern over the slowdown in Asia’s largest economy. The U.K. releases retail sales data before the U.S. publishes initial jobless claims figures and a final reading for fourth-quarter economic growth.