Stocks fell, and the Japanese yen approached 150 against the dollar

An employee working for the Tokyo Stock Exchange (TSE), operated by the Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, January 13, 2022.

Toru Hanai | Bloomberg via Getty Images

Shares in the Asia-Pacific region traded lower on Thursday as economic concerns weighed.

The Hang Seng Index In Hong Kong it is down 2.7% after falling briefly by 3% in early trade, its lowest level since May 2009. Hang Seng Tech is down more than 4%.

Kelvin Tai, chief regional investment officer at UBS, said the sharp decline in Hong Kong markets was due to the “unprecedented silence of the Chinese government on key economic indicators”.

“This is largely due to concerns about the economic outlook and the escalation of COVID-19 cases in the middle of the party congress in Beijing,” he said.

in Japan , Nikkei 225 It lost 1.2% and the Topix index fell 0.68%. The S & P / ASX 200 In Australia it fell by 1.13%.

Mainland China Shanghai boat 0.94% and Shenzhen Component It declined by 1.265%.

South Korea Cosby The KOSDAQ Index is down 1.27% and is down 1.55%. MSCI’s broadest index of Asia Pacific shares outside Japan is down 1.68%.

The Maritime yuan It touched a record low against the dollar overnight, and fell to 7.2745 per dollar. It was last traded at 7.2690. The Japanese Yen It reached a new 32-year low of 149.95 against the dollar.

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