An aerial view shows the Central Bank of India building, in Mumbai, India, 28 September, 2022. (Photo by Niharika Kulkarni/NurPhoto via Getty Images)
Nurphoto | Nurphoto | Getty Images
Chinese stocks sold off in another volatile day of trading amid mixed Asia-Pacific markets Wednesday.
The mainland CSI 300 dropped 5.3% while Hong Kong’s Hang Seng index extended its losses, falling 1.4%. On Tuesday, the HSI recorded its worst day in 16 years, closing 9.41% lower.
Japan’s Nikkei 225 climbed 0.78%, while the broad-based Topix gained 0.18%.
Australia’s S&P/ASX 200 was little changed.
Investors are focused on policy decisions from the Reserve Bank of New Zealand and the Reserve Bank of India.
New Zealand’s central bank slashed its policy rate by 50 basis points to 4.75%, while the RBI is expected to hold rates at 6.5%.
South Korea’s markets are closed for a public holiday.
Read the full article here