Home » Stocks fall; Singapore, Malaysia inflation

Stocks fall; Singapore, Malaysia inflation

by archyde

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018.

Brendon Thorne | Bloomberg via Getty Images

Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance.

In Australia, the S&P/ASX 200 fell 2.28% to its lowest levels since July on its return to trade after a holiday on Thursday. South Korea’s Kospi dipped 1.82% and the Kosdaq declined 2.49%.

Hong Kong’s Hang Seng index lost 0.85%. Mainland China stocks were also lower, with the Shanghai Composite shedding 1.08% and the Shenzhen Component losing 1.769%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.42%. Japan markets were closed for a holiday Friday.

Elsewhere in Asia, inflation in Malaysia came in in line with expectations, while Singapore’s consumer price index rose more than expected.

On Wall Street overnightstocks fell for a third consecutive day over recession fears following the Fed’s latest 75-basis-point rate hike.

The S&P 500 was 0.8% lower at 3,757.99, while the Nasdaq Composite lost 1.4% to 11,066.81. The Dow Jones Industrial Average dipped 107.10 points, or 0.3%, to 30,076.68.

— CNBC’s Samantha Subin and Sarah Min contributed to this report.

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