Asian shares mostly lower as Japan preps massive stimulus
Shares are mostly lower in Asia after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market
By ELAINE KURTENBACH
Published - Oct 28, 2022, 02:14 AM ET
Last Updated - Jun 23, 2023, 11:56 PM EDT
Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market.
Tokyo’s benchmark slipped as the government was preparing about a massive stimulus spending package to help the world’s No. 3 economy cope with inflation. As expected, the Bank of Japan wrapped up a policy meeting by keeping its ultra-lax monetary policy unchanged even as it forecast higher inflation.
The Nikkei 225 index lost 0.9% to 27,105.20 while the Hang Seng in Hong Kong sank 3.2% to 14,934.69. The Shanghai Composite index shed 0.9% to 2,938.77.
The Kospi in Seoul declined 0.8% to 2,269.80. Australia's S&P/ASX 200 dropped 0.9% to 6,785.70.
