After two days of rallies in the Asia-Pacific region, investors seem to have taken a break, which is similar to yesterday’s weak movements in New York, writes CNBC.
In Australia and New Zealand, markets are closed on Thursday due to public holiday.
In South Korea, first-quarter GDP growth was 3.4 percent year-on-year, the largest quarterly increase in the country’s gross domestic product since Q4 2021, it said.
Despite this, South Korea’s Kospi index falls at the time of writing, at 06:41, by 1.2 percent. The index was down by more earlier today.
The South Korean small company index Kosdaq is also retreating.
Otherwise, the Japanese Nikkei 225 is down by as much as 2.01 percent.
Hang Seng in Hong Kong lifts 0.55 percent.
The Shanghai stock exchange in mainland China is up by 0.17 percent.
“Overnight in the US, all three major indexes were largely range-bound as interest rate fears dampened enthusiasm from a strong slate of corporate earnings,” reports CNBC.
The broad stock market benchmark S&P 500 rose by a cautious 0.02 percent, the Dow Jones fell 0.11 percent and the Nasdaq Composite rose 0.1 percent.
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