Asia-Pacific Markets React to Global Uncertainties

Despite a softer US inflation report for February indicating easing price pressures, major stock indices in the Asia-Pacific region traded lower on Thursday. The markets were overshadowed by geopolitical risks, trade tensions, and concerns over regional economic growth.

Market Movements Across the Region

Japan's Nikkei 225 remained flat, while Hong Kong's Hang Seng and South Korea's Kospi saw declines of 1.18% and 0.49%, respectively. In mainland China, the Shanghai Composite and Shenzhen Composite also fell, by 0.71% and 1.50%. Australia's S&P/ASX 200 closed with a 0.48% loss.

Currency Movements

The dollar weakened against the yen, trading 0.41% lower at 7:17 am CET, with a selling price of 147.6465.