Market Overview

Despite a softer US inflation report for February suggesting easing price pressures, major stock indices in the Asia-Pacific region traded lower on Thursday. The dip was attributed to ongoing geopolitical risks, trade tensions, and concerns over regional economic growth, which overshadowed the positive impact of the US inflation data.

Regional Market Performance

Japan's Nikkei 225 traded flat at 7:16 am CET, showing a lack of momentum amidst the global uncertainties. Meanwhile, Hong Kong's Hang Seng and South Korea's Kospi saw significant drops of 1.18% and 0.49%, respectively. In mainland China, the Shanghai Composite fell by 0.71%, and the Shenzhen Composite decreased by 1.50%. Australia's S&P/ASX 200 also closed lower, losing 0.48%.

Currency Movements

At 7:17 am CET, the dollar traded 0.41% lower against the yen, selling for 147.6465. This movement reflects the cautious stance of investors amidst the ongoing uncertainties in the global market.