Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Asia report: Most markets fall after Wall Street sell-off
(Sharecast News) - Asia-Pacific markets saw a mixed performance on Thursday, influenced by Wall Street's decline overnight. Investors were awaiting key economic indicators from the US, including gross domestic product (GDP) data and inflation figures.
"US futures show signs of recovery following an unexpected late-session sell-off attributed to perceived overbought conditions," said Stephen Innes at SPI Asset Management.
"This explanation is retrospective as traders grapple with understanding the factors driving the abrupt market shift."
Innes said the surprise sell-off led to a reassessment of market liquidity conditions, prompting ongoing efforts to decipher the rationale behind why futures traders 'banged the close'.
"In the aftermath of the US sell-off, Asia-Pacific stocks experienced a decline on Thursday, with Japan's Topix registering the most significant fall, particularly impacted by a widening safety scandal affecting Toyota shares."
Most markets finish session below the waterline
In Japan, the Nikkei 225 fell by 1.59% to 33,140.47, while the Topix index declined by 1% to 2,325.98.
The losses on Tokyo's benchmark were led by Toppan Printing, down 5.1%; Mazda Motor, off 4.1%; and Toyota Motor, losing 4.03%.
China showed resilience as the Shanghai Composite index gained 0.57% to reach 2,918.71, and the Shenzhen Component increased by 1.08% to 9,257.09.
Clenergy Xiamen Technology jumped 10.03% and Beijing Wantai Biological Pharmacy Enterprise rose 8.04% to lead the gains in Shanghai.
In Hong Kong, the Hang Seng Index edged up by 0.04% to 16,621.13, with ENN Energy up 4.58%, Wharf Real Estate Investment ahead 3.97%, and Xinyi Solar rising 3.62%.
South Korea's Kospi index dipped 0.55% to 2,600.02, with HMM and Hanwha Ocean facing declines of 11.63% and 3.92%, respectively.
Australia's S&P/ASX 200 index retreated by 0.45% to 7,504.10, led lower by Liontown Resources, down 8.33%, and Eagers Automotive, off 7.76%.
New Zealand's S&P/NZX 50 index managed gains of 0.42%, reaching 11,627.99, led by Pacific Edge and Oceania Healthcare, which gained 5.81% and 2.82%, respectively.
In currency markets, the dollar was last down 0.4% on the yen, trading at JPY 143.00, while it dropped 0.23% against the Aussie to AUD 1.4824 and was off 0.08% on the Kiwi, changing hands at NZD 1.5993.
On the oil front, Brent crude futures were last down 0.34% on ICE at $79.43 per barrel, while the NYMEX quote for West Texas Intermediate lost 0.36% to $73.95.
Producer prices fall slower in Korea
In economic news, South Korea's producer prices registered a year-on-year increase of 0.6% in November, marking the slowest rise in four months.
In October, producer prices had risen by 0.8%.
On a month-on-month basis, November saw a 0.4% decline in producer prices, which was a deeper drop compared to the 0.1% decrease seen in the prior month.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.