Decline in Asian Pacific Markets: Nikkei 225 and So. Korea Kospi Drop

Friday, 5 April 2024, 00:04

Asian Pacific markets see a decline as Nikkei 225 is down -1.35% and So. Korea Kospi is down -1.02%%. Japan's Nikkei trading at 39237.39 with negative sentiment following US session selloff and concerns over geopolitical tensions and Fed's rate cut outlook for 2024.

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Asian Pacific Market Update

The Japan's Nikkei is trading down -1.35% at 39237.39 in early trading. So Korea's Kospi is trading down -1.02%. Australia S&P/ASX index is currently trading down -0.62%. Shares are lower in response to the selloff in the US session after report of an imminent retaliation from Iran on Israel and also comments from US Fed officials who said that the Fed may not need to cut rates in 2024.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.