Workers at a resettlement housing construction site in Huai city, Jiangsu province, China, on June 17, 2024.
Cfoto | Future release | Good pictures
SINGAPORE – Most Asia-Pacific markets slumped on Thursday as China’s housing ministry’s conference failed to impress investors, with the country’s property stocks falling.
The CSI 300 real estate index — which rose more than 5% on Wednesday — fell nearly 8%, while the main CSI 300 was down 1.13% at 3,788.22.
of Hong Kong Hang Seng Index It fell 1.3% to 20,030 in its final hour of trading on Wednesday following several policy announcements from its chief executive. The Hang Seng Mainland Property Index fell 6.6%.
of Japan Nikki 225 The broad-based Topix ended down 0.69% at 38,911.19 after investors weighed in, while the broader-based Topix closed down 0.11% at 2,687.83. Trade data Outside of Japan.
Japan’s exports fell 1.7% in September from the same period last year, surprising economists polled by Reuters who had expected growth of 0.5%. Exports contracted for the first time this year, down sharply from a revised growth rate of 5.5% in August.
September’s import growth was 2.1%, and did not miss economists’ expectations of 3.2% growth. The figure was down from August’s growth of 2.3 percent.
Australia’s S&P/ASX 200 rose 0.86% to trade at 8,355.9.
Australia’s unemployment rate for September was 4.1%, down slightly from August’s forecast of 4.2% in a Reuters poll.
Australia’s labor force participation rate increased to 67.2% in September, up 0.1 percentage point from August and forecasts.
South Korea’s KOSPI ended slightly lower at 2,609.30, while the small-cap COST stock fell 0.1% to 765.79.
Taiwan Semiconductor Manufacturing Co Earnings were reported on Thursday after Taiwan markets closed. Taiex rose 0.19% to close at 23,053.84.
Overnight in the US, the Dow Jones gained 337.28 points, or 0.79%, to end at 43,077.70.
The S&P 500 rose 0.47% to 5,842.47, while the Nasdaq composite rose 0.28% to 18,367.08.
— CNBC’s Lisa Kailai Hahn and Jesse Pound contributed to this report.
