Hong Kong Hang Seng index drops; Chinese video gaming, education shares fall

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Hong Kong Hang Seng index drops; Chinese gaming, education shares fall

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China’s customer cost index increased 0.8% year-on-year in August, compared to expectations for a 1% boost in a Reuters survey. Meanwhile, the manufacturer cost index leapt 9.5% from a year earlier, as compared to projections of a 9% increase in a Reuters survey.

Elsewhere, the Nikkei 225 in Japan closed 0.57% lower at 30,00819 while the Topix index fell 0.71% to 2,06493 South Korea’s Kospi decreased 1.53% to end the trading day at 3,11470

In Australia, the S&P/ ASX 200 fell 1.9% to close at 7,36950

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.26%.

Overnight stateside, the Dow and S&P 500 succumbed to a 3rd straight day, while the Nasdaq dropped for its very first session in 5. The Dow Jones Industrial Average shed 68.93 indicate 35,03107 while the S&P 500 dipped 0.13% to 4,51407 The Nasdaq Composite decreased 0.57% to 15,28664

Currencies and oil

The U.S. dollar index, which tracks the greenback versus a basket of its peers, was at 92.684 following its climb previously in the week from listed below 92.4.

The Japanese yen traded at 110 per dollar, more powerful than levels around 110.4 seen versus the greenback the other day. The Australian dollar altered hands at $0.7368, lower than levels above $0.74 seen previously today.

Oil costs were greater in the afternoon of Asia trading hours, with global standard Brent unrefined futures increasing 0.15% to $7271 per barrel. U.S. unrefined futures acquired about 0.1% to $6934 per barrel.

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