Commercial and residential buildings are brightly lit at dawn on Saturday, October 21, 2023, in Seoul, South Korea. Corporate investment.
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Asia-Pacific stocks were mostly lower on Thursday after U.S. stocks fell overnight Dow Jones Industrial Average Posted the worst day in over a month.
In Asia, South Korea narrowly avoided a technical recession, with GDP growing 0.1% quarter-on-quarter in the third quarter after contracting 0.2% in the second quarter. However, it fell short of Reuters’ forecast of 0.5% growth.
South Korea’s economy grew by 1.5% annually, which was also lower than the 2% expected by economists.
Korea’s benchmark Cospi After the GDP release, the Kosdaq fell 0.15%, and the small-cap Kosdaq fell 0.65%.
Japanese Nikkei 225 Index Reversing losses, it rose 0.13%, but the Topix fell 0.21%.
Australian S&P/ASX 200 Index It rose 0.31%, also reversing the decline.
Hong Kong Hang Seng Index The CSI 300 Index fell significantly, with a decline of 0.63%, and a larger decline of 0.93%.
All three major U.S. stock indexes fell overnight, with the Dow Jones and S&P 500 Index U.S. stocks fell for a third consecutive day, dragged down by rising Treasury yields.
this S&P 500 Index 30 stocks fell 0.92% Dow Chemical plunged 0.96%. this Nasdaq Index down 1.6%.
—CNBC’s Pia Singh and Brian Evans contributed to this report.
