Hong Kong stocks fall as stimulus rally fizzles; Japan's Nikkei leads gains in Asia

The Japanese yen weakened against the U.S. dollar, a day after clocking its largest single-day decline since June 2022.

Markets in mainland China remain closed until Oct. 8. Chinese stocks had been on a tear after authorities announced a slew of support measures last week. Japan's au Jibun bank composite final PMI, which takes into account both manufacturing and service activities, for September stood at 52.0, signaling a softer expansion in the private sector compared to 52.9 in August, according to the. The service sector PMI, compiled from around 400 survey responses, was 53.1 in September, lower than the 53.7 in August.South Korea were shut Thursday for National Foundation Day.

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Asian stocks tumble after Wall Street's worst day since early AugustJapan's benchmark Nikkei 225 lost 3.8 percent, leading losses in Asia.
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