Asian equities declined as investors worried about a potential US recession, and moved to offload risk assets. Equities fall as central banks adjust monetary policy and concerns grow about a potential hard landing for the US economy. The Nikkei 225 Index fell to seven-month lows as investors contended with the possibility of higher interest rates in Japan.
Among the region’s developed economies, the Japanese Nikkei – which represents 225 companies on the Tokyo stock exchange – and the South Korean Kospi stand out. China has three important indices: the Hong Kong Hang Seng, the Shanghai Composite and the Shenzhen Composite. As a big emerging economy, Indian equities are also catching the attention of investors, who increasingly invest in companies in the Sensex and Nifty indices.