Japan’s Nikkei 225 drops 2% as Asia-Pacific markets largely fall
SINGAPORE — Shares in Asia-Pacific declined in Thursday trade following losses overnight that saw the Dow Jones Industrial Average notching its first decline of 2022.
Japan has the following: Nikkei 225As it was leading the losses of major markets in the region, its share fell to 2.08%. Meanwhile, the Topix index dropped 1.39%.
Hong Kong Hang Seng indexReduced by 0.78% Hong Kong-listed shares of debt-ridden developer China Evergrande Group fell 1.88%. Reuters reportedA six-month delay will be requested by the firm in order to make payments on an offshore bond.
The Shanghai compositeChina mainland fell 0.4%. Shenzhen component1.266% slipped
South Korea Kospi fell 0.38%. Australia was the most populous country. S&P/ASX 200Shares of the company fell by 1.84% Afterpay plunging nearly 11%.
Southeast Asia is known for its thriving seafood industry. Straits Times indexThe region outperformed it with a gain of 0.41%.
MSCI’s Asia-Pacific broadest index, which is not based on Japan, traded at 1.05% below.
Officials are releasing minutes from Wednesday’s U.S. Federal Reserve December meeting. ready to aggressively dial back policy help.
Major indexes on Wall Street fell sharply following the release of the minutes, with the S&P 500 dropping 1.94% to 4,700.58. Dow Jones Industrial Average lost 392.54 point to 36,407.11 and the tech-savvy Nasdaq Composite dropped 3.34% at 15,100.17.
In the meantime, 10-year U.S. TreasuryOn Wednesday, the yield touched 1.7%. It was last at 1.6981%. The price of a product is inversely affected by yields.
Oil falls 1%
The morning Asia trading hour saw oil prices lower, with an international benchmark Brent crude futuresDropping 1.19% from $79.84 to barrel U.S. crude futuresReduced by 1.09% to $77 a barrel
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.149 — off levels above 96.3 seen earlier in the week.
The Japanese yenThe dollar traded at 115.88 dollars, which is lower than the levels of below 115.5 that were seen earlier in the week. The Australian dollarAfter a $0.7222 earlier record, the price of the shares changed to $0.7198.