FILE PHOTO: A man walks past an electronic board showing Japan's Nikkei average and stock prices outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS/Androniki Christodoulou/File PhotoTOKYO : Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence.
Hong Kong's Hang Seng added 0.2 per cent, but mainland Chinese blue chips slipped 0.7 per cent. Investors are awaiting more clarity on stimulus from Beijing next week, when officials convene a week-long congress.Nasdaq futures pointed 0.45 per cent lower after the cash index declined 0.56 per cent overnight. The Philadelphia SE semiconductor index slumped 3.35 per cent, with Advanced Micro Devices tumbling more than 10 per cent following dour forecasts.
There is no set time for the BOJ's policy announcement, but it is expected some time after 0230 GMT. BOJ Governor Kazuo Ueda said while in Washington last week that the central bank could afford the time to scrutinise risks to the economy in deciding when to raise rates again. The personal consumption expenditures index, the Fed's preferred measure of inflation, is also due later on Thursday.
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