Incyte (INCY) is down 20% to $65.70 and Merck (MRK) has fallen 1.1% to $53.91 after a late-stage trial failure with their melanoma treatment. Hong Kong's Hang Seng and Singapore're indexes rose 1% overnight, but Shanghai've also barely experienced significant gains. In Tokyo, hourly earnings rose by 0.3% compared to an expected 0.2%, which means annualized wage inflation of 2.7%.