SYDNEY, NSW, Australia – Stocks in Asia closed lower Thursday amidst downbeat sentiment related to higher inflation in the UK and robust bond yields.
In Japan, the Nikkei 225 shed 250.42 points or 0.92 percent to 27,006.96.
China’s Shanghai Composite lost 9.33 points or 0.31 percent to 3,035.05.
The Australian All Ordinaries dived 81.10 points or 1.16 percent to 6,918.70.
The S&P/NZX 50 dropped 84.62 points or 0.78 percent to 10,832.03.
In South Korea, the Kospit Composite let go 19.35 points or 0.86 percent to 2,218.09.
Hong Kong’s Hang Seng was still trading at the time of writing, down 275 points.
The U.S. dollar consolidated recent gains during the Asian trading zone Thursday. The euro perked up a tad to 0.9782. The British pound weakened to 1.1228. The Jpanese yen edged lower to 149.97. The Swiss franc weakened to 1.0055.
The Canadian dollar was unwanted at 1.3760. The Australian and New Zealand dollars languished at 0.6266 and 0.5659 respectively.
Overnight on Wall Street, the Nasdaq Composite retreated 91.89 points or 0.85 percent to 10,680.51.
The Dow Jones industrials dropped 99.99 points or 0.33 percent to 30,423.81.
The Standard and Poor’s 500 eased 24.82 points or 0.67 percent to 3,695.16.