A Chinese flag flies outside a residential complex 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 level since November 2022.
Mainland China’s CSI 300 index fell to its lowest level in nearly five years after China’s fourth-quarter GDP growth beat estimates. The index, which measures the largest listed companies in Shanghai and Shenzhen, fell by 2.18% to close at 3,229.08.
China’s National Bureau of Statistics said on Wednesday that the country’s economy grew by 5.2% in the October-December period last year, missing the 5.3% growth forecast of economists polled by Reuters. GDP rose by 5.2% for the whole of 2023.
South Korea Cosby It also fell by 2.47% to close at 2435.9, its lowest level since November 14, while the small-cap KOSDAQ fell by 2.25% to 833.05. in Australia, Standard & Poor’s/ASX 200 It fell for the fourth day by 0.29% to 7393.1.
Japan Nikki 225 The index extended its losses for the second day in a row after touching its highest levels in 33 years on Monday, with the index falling 0.4% to 35,477.75 points and the broad Topix index falling 0.3% to close at 2,496.38 points.
China AMC Fund Management Co. will reportedly temporarily suspend trading of the Nikkei 225 ETF on Wednesday due to high premiums.
Japanese multinational information technology company Fujitsu It was the Nikkei’s second-biggest loser after its European co-chief executive apologized, saying the company had a “moral obligation” to compensate wrongly convicted subpostmasters in the UK.
Overnight in the US, all three major indexes fell as bond yields rose and Wall Street studied the latest batch of fourth-quarter earnings.
Indicator 10-year Treasury bond yield The interest rate rose more than 11 basis points to 4.064% after Federal Reserve Governor Christopher Waller indicated in a speech that the central bank may ease monetary policy more slowly than Wall Street expected.
The Dow Jones Industrial Average fell 0.62%, while the S&P 500 fell 0.37%, and the Nasdaq Composite fell 0.19%.
— CNBC’s Sarah Main and Alex Haring contributed to this report