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<Asia> Asia-Pacific Markets Mostly Weaker; Japan, S Korea and India Drop Over 1%
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With no outcome from US-Iran negotiations, the US announced a blockade of the Strait of Hormuz, sending oil prices back above USD100. Asia-Pacific markets were broadly weaker. The People's Bank of China conducted seven-day reverse repo operations in the open market, resulting in a single-day net injection of RMB500 million. The Shanghai Composite Index fell 6 points, or 0.2%, to 3,979, while the Shenzhen Component Index rose 27 points, or 0.2%, to 14,336. Hong Kong's HSI fell 306 points, or 1.2%, to 25,587 at midday, with turnover of HKD115.3 billion. Taiwan's Weighted Index slipped 16 points to 35,398. TSMC fell 1%, while MediaTek and ASE Technology rose 3.5% and 7.6%, respectively. Japan's Nikkei 225 fell 629 points, or 1.1%, to 56,294. Tokyo Electron and Sony declined 3.8% and 2.7%, while SoftBank dropped 1.6% and Fast Retailing edged down 0.4%. South Korea's KOSPI fell 71 points, or 1.2%, to 5,787. Samsung Electronics and Hyundai Motor slid 2.6% and 2.5%, LG Energy Solution fell 3%, while SK Hynix rose 0.3%. India's Nifty 50 Index dropped 405 points, or 1.7%, to 23,645. Auto stocks Eicher Motors and Maruti Suzuki each tumbled more than 4%, budget carrier IndiGo fell 3.5%, and State Bank of India declined 2.9%. Australia's S&P/ASX 200 Index fell 45 points, or 0.5%, to 8,915. Retailer Wesfarmers dropped over 1%, while mining stock Rio Tinto edged up 0.2%. New Zealand's NZX 50 Index fell 190 points, or 1.4%, to 12,990. Singapore's Straits Times Index slipped 20 points, or 0.4%, to 4,968. SGX and Jardine Matheson fell 1.7% and 1.3%, while Hongkong Land declined 2.7%. Markets in Malaysia and the Philippines dropped 0.8% and 1.3%, respectively, while Indonesia rose 0.3%. Vietnam's Hanoi and Ho Chi Minh indices fell 0.1% and 0.6%. Thailand's market was closed for a holiday.(fc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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