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Asia Stocks Drop as Hong Kong Shares Start Fourth Quarter Lower


Tuesday, 2 October 2018 16:46 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Asian stocks fell as Hong Kong stocks dragged the regional benchmark index lower.

The MSCI Asia Pacific Index declined 0.8 percent to 163.72 as of 4:35 p.m. in Hong Kong. The Hang Seng Index fell 2.4 percent on its first trading day of the fourth quarter. Some blamed China's weak manufacturing data over the weekend for the losses, as well as reports of a U.S. warship sailing close to islands claimed by China. Mainland markets and exchange links with Hong Kong are shut throughout the week.

Other benchmark indexes from Indonesia to Taiwan fell more than 1 percent Tuesday.

Toyota Motor Corp. rose 1.6 percent in Tokyo, providing the biggest boost to the MSCI Asia Pacific Index, as a trade deal between the U.S. and Canada spelled relief for Japanese car manufacturers. India is closed for a holiday.

South Korea's Kospi index down 1.3%; Kospi 200 down 1.2%, Australia's S&P/ASX 200 down 0.8%; New Zealand's S&P/NZX 50 little changed.

Singapore's Straits Times Index down 0.4%; Malaysia's KLCI up 0.2%; Philippine Stock Exchange down 1.2%; Jakarta Composite down 1.3%; Thailand’s SET down 0.6%; Vietnam's VN Index up 0.6%.

Source: Bloomberg                           


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