Asian stock markets experienced a decline on Thursday, mirroring the drop on Wall Street. The cause of concern stems from robust economic data, which has raised apprehensions that the Federal Reserve may opt to maintain high-interest rates for a longer duration than previously anticipated.
Key Highlights:
Hong Kong’s Hang Seng, which had shown resilience earlier this week due to updates on Chinese policy changes in the property sector, faced a decline driven by tech share sell-offs. It recorded a 0.8% decrease, settling at 18,313.73.
The Shanghai Composite index followed suit with a 0.3% drop, closing at 3,148.52.
Tokyo’s Nikkei 225 experienced a marginal 0.1% dip, ending the day at 33,200.85.
Investors are closely monitoring economic indicators and central bank policies for any signs of potential shifts in the global financial landscape.
