Asian shares fell on Thursday as the U.S. Federal Reserve kept interest rates on hold
Asian shares fell on Thursday as the U.S. Federal Reserve kept interest rates on hold and investors continued to watch for developments on the ongoing coronavirus outbreak.
- Hong Kong’s Hang Seng index fell 2.62% to close at 26,449.13.
- The Nikkei 225 in Japan slipped 1.72% to close at 22,977.75 while the Topix index declined 1.48% to end its trading day at 1,674.77.
- In South Korea, the Kospi closed 1.71% lower at 2,148.00.
- Stocks in Australia slipped as the S&P/ASX 200 shed 0.33% to close at 7,008.40.
- Overall, the MSCI Asia ex-Japan index was 2.17% lower.
- The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 98.061 after seeing an earlier low of 97.995.
- The Japanese yen traded at 108.86 per dollar after seeing levels above 109.2 yesterday.
- The Australian dollar changed hands at $0.6731 after declining from levels above $0.676 yesterday.
- Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.76% to $58.76 per barrel.
- The U.S. crude futures contract also shed 1.73% to $52.41 per barrel.