10/3, 7:22 AM (Source: TeleTrader)
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Hang Seng down 3% after RBA holds rates

Stock exchanges in the Asia-Pacific region traded with losses on Tuesday after their United States counterparts yesterday closed mixed with more and more Federal Reserve officials mentioning an additional interest rate hike. Today, the Reserve Bank of Australia left its interest rates unchanged, noting it will stay data-dependent and keep assessing risks.

The Nikkei 225 decreased 1.67% and the Hang Seng dropped 3.28% at 7:16 am CET. The S&P/ASX 200 moved 0.12% lower at the same time. Stock markets in mainland China and South Korea observed holidays and were closed.

After Japanese Finance Minister Shunichi Suzuki reaffirmed Tokyo's intention to react to unwanted foreign exchange moves, the dollar was flat compared to the yen, trading for 149.878 at 7:20 am CET.

Baha Breaking News (BBN) / MS