Asia-Pacific markets mainly down after Wall Street posts weekly loss

Asia-Pacific markets largely down after Wall Street posts weekly loss

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SHENZHEN, CHINA – AUGUST 26: An bird’s-eye view of the Shenzhen horizon on August 26, 2020 in Shenzhen, Guangdong Province ofChina (Photo by He Shaoping/ VCG through Getty Images)

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Asia-Pacific markets were broadly lower on Monday, ahead of a hectic week of essential financial releases in the area.

Most significant markets were down other than Japan, which bucked the local pattern: the Nikkei 225 ended Monday somewhat above the flatline at 28,59352, while the Topix was 0.11% greater to close at 2,037,34

Investors will be carefully viewing the Bank of Japan financial policy conference later on today, the very first to be led by brand-new BOJ chief Kazuo Ueda.

In Australia, the S&P/ ASX 200 slipped 0.11% to complete at 7,322, while South Korea’s Kospi closed 0.82% lower at 2,5235 and the Kosdaq was down 1.56% to end at 855.23

In mainland China, the Shenzhen Component shed 1.16% to close at 11,31701 and the Shanghai Composite was down 0.78% to complete at 3,27541

Hong Kong’s Hang Seng index quit earlier gains and fell about 0.8% lower in its last hour of trade, while the Hang Seng Tech likewise reversed and had to do with 0.4% lower in the last trading hour.

Some Southeast Asian markets are closed today for a vacation, consisting of Singapore, Malaysia and Indonesia.

Last week, all 3 significant U.S. indices published gains on Friday, however ended the week lower total. On a weekly basis, the tech-heavy Nasdaq saw the greatest decrease, falling 0.42%, while the Dow Jones Industrial Average fell 0.23% to snap a four-week win streak, and the S&P 500 slipped 0.1%.

— CNBC’s Samantha Subin and Hakyung Kim added to this report