A Chinese flag flies outside a residential building in Beijing on April 30, 2017.
Greg Baker AFP | Getty Images
hong kong Hang Seng Index It fell 3.68% on Wednesday to close at 15,282.32, its lowest since November 2022.
Mainland China’s CSI 300 index fell to its lowest point in nearly five years after China’s fourth-quarter gross domestic product (GDP) growth was weaker than expected. The index, which measures the largest companies listed in Shanghai and Shenzhen, fell 2.18% to close at 3,229.08.
China’s economy grew by 5.2% in the October-December period last year, the National Bureau of Statistics said on Wednesday, lower than the 5.3% growth forecast by economists polled by Reuters. GDP for the full year of 2023 increased by 5.2%.
Korean Kospi The index fell 2.47% to end at 2,435.9, its lowest since November 14, while the small-cap Kosdaq also fell 2.25% to 833.05. In Australia, S&P/ASX 200 It fell for the fourth day in a row, dropping 0.29% to 7,393.1.
Japanese Nikkei Stock Average After hitting a 33-year high on Monday, it fell for the second day in a row, with the index down 0.4% to 35,477.75, while the composite index TOPIX fell 0.3% to end at 2,496.38.
China AMC Fund Management Company reportedly suspended Nikkei 225 ETF fund trading on Wednesday due to high premiums.
Japanese IT multinational company Fujitsu The company suffered the second-biggest loss on the Nikkei average after its European co-chief executive apologized and said the company had a “moral obligation” to compensate a wrongly convicted subpostmaster general in the UK. became.
Overnight in U.S. markets, all three major indexes fell as bond yields rose and Wall Street scrutinized the latest fourth-quarter results.
benchmark 10 year government bond yield Stocks rose more than 11 basis points to 4.064% after Federal Reserve President Christopher Waller suggested in a speech that he may ease monetary policy at a slower pace than Wall Street had expected. It became.
The Dow Jones Industrial Average fell 0.62%, the S&P 500 fell 0.37% and the Nasdaq Composite Index fell 0.19%.
— CNBC’s Sarah Min and Alex Harring contributed to this report