Hong Kong, Shenzhen stocks fall more than 2%, BOJ holds rates constant

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Hong Kong, Shenzhen stocks fall more than 2%, BOJ holds rates steady

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The Bank of Japan (BOJ) head office in Tokyo, Japan, on Monday, April 25, 2022.

Toru Hanai|Bloomberg|Getty Images

Hong Kong stocks plunged to its most affordable levels because April 2009, leading losses in the Asia-Pacific as the Bank of Japan left its benchmark rate of interest the same.

The Hang Seng index in Hong Kong closed 3.66% lower at 14,86306 after losing more than 4% earlier in the session, dragged by the Hang Seng Tech index falling 5.56%.

In Australia, the S&P/ ASX 200 fell 0.87% to 6,78570 The Nikkei 225 in Japan fell 0.88% to 27,10520, while the Topix was 0.34% lower at 1,89905 The Japanese yen at first preserved 146- levels after the Bank of Japan kept rates at ultra-low levels, however later on deteriorated past 147.

South Korea’s Kospi was 0.89% lower at 2,26840 MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.89%.

In mainland China, the Shanghai Composite was 2.25% lower at 2,91593 and the Shenzhen Component shed 3.24% to close at 10,40184

Overnight in the U.S., the Dow Jones Industrial Average increased 194.17 points, or 0.6%, to end at 32,03328 in its 5th straight favorable session. The S&P 500 closed 0.6% lower at 3,80730, and the Nasdaq Composite lost 1.6% to 10,79268