People walk through Exchange Square in Hong Kong on October 28, 2022. Major lenders Standard Chartered and HSBC expressed confidence within the rebound of Hong Kong’s and China’s economy, at the same time as China ramps up its Covid measures and Hong Kong’s economy posted its worst quarter in greater than two years.
Isaac Lawrence | Afp | Getty Images
Shares within the Asia-Pacific fell Thursday as investors await U.S. inflation data, a key metric closely watched by the Federal Reserve, and as U.S. midterm results proceed to roll in.
Hong Kong’s Hang Seng Index briefly fell 2% in early trade as Hang Seng Tech Index dropped greater than 3%.
In mainland China, the Shenzhen Component declined 0.79%, while the Shanghai Composite Index lost 1.04%.
The Nikkei 225 in Japan shed 0.94% in early trade and the Topix declined 0.65%. In South Korea, the Kospi dropped 0.15%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8%.
In Australia, the S&P/ASX 200 was down 0.35%.