Asia Markets: Asian Markets Fall, Led By Hang Sengs Slide

Asian markets fell in early trading Thursday, following losses on Wall Street and turmoil in Hong Kong.

Stocks fell sharply in Hong Kong after protesters and police clashed throughout the previous day and night. At least 79 people were injured, Hong Kong officials said. Demonstrators were protesting a potential new extradition law with China, which they fear would erode civil liberties. Crowds of protesters on Wednesday blocked lawmakers from meeting to debate the law. Thursday began quietly, as downtown streets reopened heavy rain fell and discouraged crowds in the former British colony.

Hong Kong’s Hang Seng Index HSI, -0.05%   slid 1.5%. Stocks also fell in mainland China, with the Shanghai Composite SHCOMP, +0.05%   down 0.6%. Japan’s Nikkei NIK, -0.46%   fell 0.8% and South Korea’s Kospi 180721, -0.27%   dropped 1%. Benchmark indexes in Taiwan Y9999, -0.51%  , Singapore STI, +0.40%   and Indonesia JAKIDX, -0.05%   were all either flat or down slightly. Australia’s S&P/ASX 200 XJO, -0.02%   was down slightly.

Among individual stocks, Japan Display 6740, -11.94%   plunged in Tokyo trading after its CEO announced he will step down amid additional restructuring measures. Nintendo 7974, -1.55%   and oil producer Inpex 1605, -1.42%   also fell. In Hong Kong, Tencent 700, -0.95%   and property companies, such as Hang Lung Properties 101, -1.73%  , retreated. Samsung 005930, -1.91%   tumbled in South Korea, and Taiwan Semiconductor 2330, -2.44%  declined in Taiwan. Beach Energy BPT, -5.70%   and Oil Search OSH, -2.54%   sank in Australia.

RECENT NEWS

Federal Reserve's Rate Decision: Navigating Economic Uncertainty

The recent decision by the Federal Reserve to adjust interest rates has sparked significant interest and speculation amo... Read more

Building Bridges: Strengthening Investor Confidence Through Enhanced Risk Data In Emerging Markets

In the dynamic landscape of emerging markets, investor confidence plays a pivotal role in driving economic growth and pr... Read more

Reading The Tea Leaves: Analyzing Market Responses To Speculation Of A Fed Interest Rate Increase

As speculation mounts regarding a potential interest rate increase by the Federal Reserve, investors are closely monit... Read more

Tesla's Stock Dilemma: Navigating Through Intensified Global Competition

Tesla, Inc., a bellwether in the electric vehicle (EV) industry, recently announced an ambitious plan to launch more aff... Read more

Evaluating Ukrenergos Standalone Debt Restructuring Versus National Efforts In Ukraine

As Ukraine navigates the complexities of post-war recovery, the debate surrounding the debt restructuring of its state g... Read more

Navigating The Shifting Sands: The Neutral Rate Of Interest In A Rapidly Evolving Economy

In the labyrinth of monetary policy tools, the neutral rate of interest stands out for its pivotal role in stabilizing e... Read more