A pedestrian walks past an electronic quotation board displaying stock prices of the Tokyo Stock Exchange in Tokyo on June 16, 2020.
Kazuhiro nogi | AFP | Getty Images
Asia-Pacific shares fell sharply on Wednesday after indices on Wall Street More consistently than expected August report.
of Japan It fell 2.7%, while the Topics index fell 2%. The Japanese It traded at 143.75 per dollar after hovering around its weakest levels since September 1998.
The Hong Kong fell 2.55%, while the Hang Seng Tech index fell 2.96%. In Australia, the Down 2.48%.
The South Korea fell 1.34% and Costco fell 1.67%. South Korean It crossed 1,390 against the greenback and last traded at 1,391.98 against the dollar, the weakest levels since March 2009.
Mainland China 1.02% lost Down 1.496%.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2.28%.
The US 2-year Treasury yield reached 3.79%. . The Dow Jones Industrial Average lost 1,276.37 points, or 3.94%, to close at 31,104.97. The S&P 500 fell 4.32% to 3,932.69, while the Nasdaq Composite lost 5.16% to 11,633.57.
“The most troubling thing about all this is that the strength of core inflation is the services sector,” National Australia Bank’s head of FX strategy Ray Adrill wrote in a note, saying the sector was primarily driven by wage inflation. – is enabled.
— CNBC’s Jeff Cox, Jesse Pound and Carmen Reinicke contributed to this report.
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