Asia-Pacific markets mostly fell Thursday after U.S. stocks dropped overnight, with the Dow Jones Industrial Average posting its worst day in more than a month.
In Japan, the Nikkei 225 index gained 38.43 points, or 0.1%, to 38,143.29.
In Hong Kong, the Hang Seng Index lost 270.53 points, or 1.3%, to 20,489.62.
In Asia, South Korea narrowly avoided a technical recession with its third-quarter GDP growing 0.1% quarter on quarter, following a 0.2% contraction in the second quarter. It, however, missed Reuters estimates of 0.5% growth.
On a year-on-year basis, South Korea’s economy grew 1.5%, also slower than the 2% increase expected by economists.
CHINA
In Shanghai, the CSI 300 sank 44.38 points, or 1.1%, to 3,928.83, snapping a four-day win streak.
Shares of Beijing-based autonomous driving firm Horizon Robotics jumped as much as 37.8% as it made its trading debut in Hong Kong on Thursday.
This comes after the firm raised 5.4 billion Hong Kong dollars ($696 million U.S.) in its initial public offering, making it Hong Kong’s largest IPO in 2024.
However, the share price later pared gains to trade at HK$4.24 as of its final hour of trade, a 6.26% gain compared to its IPO price of HK$3.99.
In other markets
In Taiwan, the Taiex dumped 142.24 points, or 0.6%, to 23,192.52
In Korea, the Kospi index slumped 18.59 points, or 0.7%, to 2,581.03.
In Singapore, the Straits Times Index nicked ahead 4.17 points, or 0.1%, to 3,604.95.
In New Zealand, the NZX 50 moved forward 26.47 points, or 0.2%, to 12,814.07
In Australia, the ASX 200 dropped 9.76 points, or 0.1%, to 8,206.25.
