Market Overview

Despite a softer US inflation report for February, major stock indices in the Asia-Pacific region experienced a downturn on Thursday. Geopolitical risks, trade tensions, and concerns over regional economic growth overshadowed the positive impact of the easing price pressures indicated by the latest CPI data from the US.

Regional Market Performance

Japan's Nikkei 225 remained flat, while Hong Kong's Hang Seng and South Korea's Kospi saw significant drops. In mainland China, both the Shanghai Composite and Shenzhen Composite experienced declines. Australia's S&P/ASX 200 also closed lower, reflecting the cautious sentiment among investors amidst ongoing uncertainties.

Currency Movements

At 7:17 am CET, the dollar traded lower against the yen, indicating a shift in investor preference amidst the current market conditions.