Melbourne’s skyline at nightfall
Kokkai Ng | Second | Getty Photographs
Asia-Pacific markets traded combined Wednesday, monitoring declines in two key Wall Avenue benchmarks in a single day after the U.S. shopper confidence survey got here in much weaker than economists’ estimates.
Japan’s benchmark Nikkei 225 and Topix have been in destructive territory for the second consecutive day. The Nikkei 225 fell 1.11%, whereas the broader Topix index was down 1.06%
South Korea’s Kospi was flat whereas the small-cap Kosdaq superior 0.23%.
Mainland China’s CSI300 index was buying and selling 0.37% larger.
Hong Kong’s Hang Seng index climbed 2.38%, with beneficial properties led by the buyer and expertise sectors. The Grasp Seng Tech index surged 3.63%, on the again of sturdy beneficial properties in JD.com (7.64%), Xpeng (6.30%), Alibaba (5.9%) and Meituan (5.67%).
Australia’s S&P/ASX 200 fell 0.32%, extending its losses to a second straight day.
The nation’s weighted shopper worth index rose 2.5% yr on yr in January, identical because the month earlier than. The studying was consistent with Reuters estimates.
In a single day within the U.S., shares slid on investor considerations over financial development and international commerce.
The broad-based S&P 500 fell for a fourth consecutive session, slipping 0.47%, to shut at 5,955.25.
The Nasdaq Composite dropped 1.35% to finish the day at 19,026.39. The tech-heavy index’s decline was led by a 2.8% in drop in chipmaker Nvidia‘s shares.
The Dow Jones Industrial Average, nevertheless, climbed 159.95 factors, or 0.37%, to shut at 43,621.16.
Buyers sought security within the U.S. bond market, with the benchmark 10-year Treasury yield dropping under 4.3% to hit their lowest stage since December.
— CNBC’s Hakyung Kim and Sean Conlon contributed to this report.
