Friday, September 17, 2021

Asia-Pacific Stocks Down; Investors continue to monitor Chinese stocks

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SINGAPORE – Asia-Pacific stocks fell Wednesday morning after major Wall Street indices fell overnight from their respective records hit in the previous session.

In Japan, the Nikkei 225 fell 0.82% in early trading, while the Topix index fell 0.48%. South Korea’s Kospi lost 0.13%.

The S & P / ASX 200 in Australia fell 0.11%. Australia’s Q2 Consumer Price Index will be released at 9:30 am HK / SIN on Wednesday.

MSCI’s broader Asia-Pacific equity index outside of Japan was trading 0.13% lower.

Investors will continue to monitor Chinese stocks after a sell-off this week that sent Hong Kong’s Hang Seng index down more than 8% in two days.

Investors also watched the actions of Apple’s suppliers in Asia-Pacific after the tech giant warned that chip supply limitations could affect iPhones and iPads this quarter.

In Wednesday morning trading, Murata Manufacturing’s shares in Japan fell 1.2%, while South Korea’s LG displays were up 0.67%.

CNBC Pro Stock Pick and Investment Trends:

Overnight in the United States, the Dow Jones Industrial Average fell 85.79 points to 35,058.52, while the S&P 500 lost 0.47% to 4,401.46. The Nasdaq Composite fell 1.21% to 14,660.58.

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