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Hong Kong Stumbles on Uncertainty

Hong Kong Stumbles on Uncertainty

Hong Kong markets fell over 2% on Friday as Asia-Pacific markets traded mixed, due to uncertainty around the U.S. economy.

In Japan, markets returned to trading Friday after having Thursday off. The Nikkei 225 dropped 74.82 points, or 0.2%, to 37,677.06.

Japan’s headline inflation rose 3.7% year on year in February, easing from a two-year high of 4% seen in January.

In Hong Kong, the Hang Seng index further swooned 530.23 points, or 2.2%, to 23,689.72.

South Korea prospered and marked five straight days of gains.

In other markets

The CSI 300 in mainland China subtracted 60.29 points, or 1.5% to 3,914.70.

In Taiwan, the Taiex index settled 168.16 points, or 0.8%, to 22,209.10.

In Singapore, the Straits Times index deleted 4.04 points, or 0.1%, to 3,926.43

In Korea, the Kospi nosed ahead 6.03 points, or 0.2%, to 2,643.13

In New Zealand, the NZX 50 gained 58.87 points, or 0.5%, to 12,113.54.

In Australia, the ASX 200 moved forward 12.34 points, or 0.2%, to 7,931.23.