Asia-Pacific markets fell on Friday as investors assessed Japan’s July inflation data and fresh blows to China’s real estate sector.
In Japan, the Nikkei 225 index continued their slump, falling 175.24 points, or 0.4%, to 31,450.76.
Japan’s core inflation rate fell to 3.1%, down from 3.3% in June. Headline inflation remained at 3.3%.
In Hong Kong, the Hang Seng dumped 375.78 points, or 2.1%, to 17,950.85.
Korean markets lost ground, marking a sixth straight day of losses.
CHINA
The CSI 300 faltered 47.1 points, or 1.2%, to 3,784.
Meanwhile, embattled Chinese real estate giant Evergrande has filed for bankruptcy protection in a U.S bankruptcy court.
The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructuring from creditors.
In other markets
In Taiwan, the Taiex index faded 135.35 points, or 0.8%, to 16,381.31.
In Korea, the Kospi index was down 15.35 points, or 0.6%, to 2,504.50.
In Singapore, the Straits Times Index let go of 22.82 points, or 0.7%, to 3,173.93.
In New Zealand, the NZX 50 slumped 40.39 points, or 0.4%, to 11,611.19.
In Australia, ASX 200 nosed up 2.06 points to 7,148.06.
