Asian stocks mixed after Wall Street rate drop
BANGKOK (AP) — Stocks were mostly down in Asia on Friday, with only Shanghai rising, after stocks fell on Wall Street on expectations that central banks will double down on inflation with rate hikes. ‘interest.
Tokyo’s Nikkei 225 index lost 1.3% to 27,881.78 while Seoul’s Kospi lost 1.2% to 2,593.60. In Australia, the S&P/ASX 200 fell 0.9% to 6,956.40. Hong Kong’s Hang Seng slipped 0.2%, losing its first gains, to 21,828.86.