Japan, Asia Drop Sharply - InvestingChannel News

Japan, Asia Drop Sharply

Shares in Asia-Pacific slipped in Friday trade, tracking overnight losses on Wall Street as the Russia-Ukraine war continues to keep investors cautious.

In Japan, the Nikkei 225 index plummeted 527.62 points, or 2.1%, to 25,162.78.

Shares of conglomerate SoftBank Group dropped 6.2%.

The Japanese yen traded at 116.71 per U.S. dollar, still weaker than levels below 115.5 seen against the greenback earlier this week.

In Hong Kong, the Hang Seng index bowed 336.47 points, or 1.6%, to 20,553.79.

Chinese tech stocks listed in the city declined: Tencent dropped 4.5%, Alibaba slipped 5.5% and Meituan plunged 6.1%

The Australian dollar was at $0.7347 after touching an earlier high of $0.7367.

In other markets,

In Shanghai, the CSI 300 inched up 13.68 points, or 0.3%, to 4,306.52.

In Singapore, the Straits Times Index forged ahead 8.93 points, or 0.3%, to 3,249.66.

In Taiwan, the Taiex index erased 168.46 points, or 1%, to 17,264.74.

In New Zealand, the NZX 50 retreated 104.88 points, or 0.9%, to 11,821.38.

In Australia, the ASX 200 dropped 67.23 points, or 0.9%, to 7,063.60.

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