Asia markets largely fell after Wall Street logs worst week for the year
Asia-Pacific markets mostly fell on Monday after stocks on Wall Street marked their worst week for 2023 on Friday.
In Australia, the S&P/ASX 200 closed 1.12% lower at 7,224.8. In South Korea, the Kospi finished 0.87% down at 2,402.64, and the Kosdaq rose 0.18% to end the day at 780.3.
In Japan, the Nikkei 225 fell 0.11% to close at 27,423.96 and the Topix rose 0.22% to finish at 1992.78 as the Bank of Japan governor nominee Kazuo Ueda spoke to the country's upper house on Monday.
In mainland China, the Shenzhen Component dipped 0.73% to end the day at 11,701.94, and the Shanghai Composite fell 0.28% to close at 3,258.03. Hong Kong's Hang Seng index shed 0.17% in its final hour of trade, and the Hang Seng Tech index saw a similar loss at 0.19% down.
TICKER COMPANY NAME PRICE CHANGE %CHANGE
.N225 Nikkei 225 Index NIKKEI 27,423.96 -29.52 -0.11%
.HSI Hang Seng Index HSI 19,944.77 -65.27 -0.33%
.AXJO S&P/ASX 200 ASX 200 7,224.80 -82.20 -1.12%
.SSEC Shanghai SHANGHAI 3,258.03 -9.13 -0.28%
.KS11 KOSPI Index KOSPI 2,402.64 -20.97 -0.87%
.FTFCNBCA CNBC 100 ASIA IDX CNBC 100 8,022.81 -68.65 -0.85%
Stocks on Wall Street ended the week on Friday with sharp declines as the U.S. Federal Reserve's preferred inflation gauge showed a stronger-than-expected increase in prices last month.
The S&P 500 was down 2.7%, marking its worst week since Dec. 9. The Dow Jones Industrial Average fell almost 3.0% this week — its fourth straight losing week. The Nasdaq Composite closed 3.3% lower, notching its second negative week in three.
