Asian equities declined on Monday, reflecting the losses on Wall Street from Friday, which were driven by worries about a potential US recession and underwhelming earnings from major tech companies.
Asia n equities declined as investors worried about a potential US recession, and moved to offload risk assets. Equities fall as central banks adjust monetary policy and concerns grow about a potential hard landing for the US economy. The Nikkei 225 Index fell to seven-month lows as investors contended with the possibility of higher interest rates in Japan.
Among the region’s developed economies, the Japanese Nikkei – which represents 225 companies on the Tokyo stock exchange – and the South Korean Kospi stand out. China has three important indices: the Hong Kong Hang Seng, the Shanghai Composite and the Shenzhen Composite. As a big emerging economy, Indian equities are also catching the attention of investors, who increasingly invest in companies in the Sensex and Nifty indices.
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