An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, Tuesday, February 6, 2018.
Brendon Thorne | Bloomberg via Getty Images
Asia-Pacific stocks fell on Friday as investors continue to weigh on the Federal Reserve’s aggressive stance.
In Australia, the S&P/ASX 200 fell 2.28% to its lowest levels since July when it returned to trading after a public holiday Thursday. The South Korean Kospi fell 1.82% and the Kosdaq 2.49%.
Hong Kong’s Hang Seng Index lost 0.85%. Mainland Chinese stocks also fell, with the Shanghai Composite losing 1.08% and the Shenzhen Component losing 1.769%.
MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 1.42%. Japanese markets were closed for a public holiday on Friday.
Elsewhere in Asia, inflation in Malaysia was in line with expectations, while Singapore’s consumer price index rose more than expected.
On Wall Street overnight, stocks fell for a third straight day on fears of recession following the Fed’s latest 75 basis point rate hike.
The S&P 500 was down 0.8% at 3,757.99, while the Nasdaq Composite lost 1.4% at 11,066.81. The Dow Jones Industrial Average fell 107.10 points, or 0.3%, to 30,076.68.
– CNBC’s Samantha Subin and Sarah Min contributed to this report.