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Asia-Pacific markets mostly fell Monday after Wall Street logged its worst session of the year last Friday as U.S. economic data pointed to a slowing economy and sticky inflation.
Markets in Japan were shuttered for holiday.
In Hong Kong, the Hang Seng index dropped 136.31 points, or 0.6%, to 22,341.61.
Singapore’s core inflation, which strips out accommodation and private transport costs, edged up 0.8% year on year in January, government data showed. This is the lowest reading since June 2021 and is lower than the 1.5% forecast in a Reuters’ poll.
Meanwhile, headline inflation came in at 1.2% year in year, its lowest since February 2021. The reading was also lower than the 2.15% estimated by Reuters.
In other markets
The CSI 300 in mainland China lost 8.72 points, or 0.2% to 3,969.72
In Taiwan, the Taiex index shed 164.94 points, or 0.7%, to 23,565.31.
In Singapore, the Straits Times index gave back 2.19 points, or 0.1%, to 3,927.75
In Korea, the Kospi index deleted 9.31 points, or 0.4%, to 2,645.27.
In New Zealand, the NZX 50 subtracted 220.87 points, or 1.7%, to 12,531.72
In Australia, the ASX 200 gained 12.04 points, or 0.2%, to 8,308.24.
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