Stocks fall; Singapore, Malaysia inflation
An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, Tuesday, Feb. 6, 2018.
Brendon Thorne | Bloomberg via Getty Images
Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve̵[ads1]7;s aggressive stance.
In Australia, the S&P/ASX 200 fell 2.28% to its lowest since July as it returned to trading after a holiday on Thursday. South Korea’s Kospi fell 1.82% and the Kosdaq fell 2.49%.
Hong Kong’s Hang Seng index lost 0.85 percent. Shares in Mainland China were also lower, with the Shanghai Composite losing 1.08% and the Shenzhen Composite shedding 1.769%.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.42%. Japanese markets were closed for a public holiday on Friday.
Elsewhere in Asia, inflation in Malaysia came in line with expectations, while Singapore’s consumer price index rose more than expected.
On Wall Street overnight, stocks fell for a third day in a row on recession fears following the Fed’s latest 75 basis point interest rate hike.
The S&P 500 was 0.8% lower at 3,757.99, while the Nasdaq Composite lost 1.4% at 11,066.81. The Dow Jones Industrial Average fell 107.10 points, or 0.3%, to 30,076.68.
— CNBC’s Samantha Subin and Sarah Min contributed to this report.
