Asia-Pacific mostly lower on economy, business woes
Major stock market indexes in the Asia-Pacific region traded mostly lower on Thursday in anticipation of the newest update on Japan's inflation, unemployment rate, and industrial production. Meanwhile, Evergrande Group's two branches listed in Hong Kong halted trading without further explanation, solidifying the instability in China's real estate sector.
Japan's Nikkei tumbled by 1.73% or 558 points at 4:35 am CET as the United States dollar lost 0.15% to the yen at 5:02 am CET to sell for ¥149.4240. Australia's S&P/ASX 200 stood flat at 4:59 am CET. South Korea's Kospi was closed due to the Chuseok Festivity.
In mainland China, the Shanghai Composite rose by 0.12% at 4:45 am CET. At the same time, the Shenzhen Composite increased by 0.20%. In Hong Kong, the Hang Seng decreased by 1.16% or 203 points at 4:52 am CET.