Hong Kong Stocks Fall To New Lows Since 2009

As the Bank of Japan maintained its benchmark interest rate, Hong Kong stocks dropped to their lowest levels since April 2009, leading losses in the Asia-Pacific.

After plunging more than 4% earlier in the day, the Hang Seng index in Hong Kong, which was driven down by the Hang Seng Tech index falling 5.56%, closed 3.66% lower at 14,863.06.

The The S&P/ASX 200 index declined 0.87% to 6,785.70 in Australia. In Japan, the Topix was down 0.34% at 1,899.05. The Nikkei 225 down 0.88% to 27,105.20.Venice Simplon Orient Express

After the Bank of Japan retained interest rates at historic low levels, the Japanese yen initially maintained levels of 146, but later declined past 147.

The Kospi in South Korea fell 0.89% to 2,268.40. The largest MSCI index of Asia-Pacific shares outside of Japan decreased by 1.89%.e Venice Simplon Orient Express

The Shanghai Composite in mainland China fell 2.25% to 2,915.93, and the Shenzhen Component fell 3.24% to finish at 10,401.84.

The Dow Jones Industrial Average increased overnight in the US by 194.17 points, or 0.6%, to close at 32,033.28 in its sixth straight positive session.

The Nasdaq Composite fell 1.6% to 10,792.68 and the S&P 500 ended the day 0.6% lower at 3,807.30.