Major stock indexes in the Asia-Pacific market traded lower on Thursday, tracking Wall Street's tech-led losses.
The People's Bank of China (PBoC) decided to cut its one-year medium-term lending facility (MLF) loan rate by 20 basis points on Thursday. The yen extended its rally, strengthening against the dollar for the fourth straight day.
Australia's S&P/ASX 200 fell by 0.98% at 4:20 am CET. South Korea's Kospi Composite was down by 1.67% a minute later. Hong Kong's Hang Seng decreased by 1.06% at 4:22 am CET, while, on the Chinese mainland, the Shanghai Composite and the Shenzhen Composite decreased by 0.80% and 0.70%, respectively and Japan's Nikkei 225 was down 2.69% at 4:23 am CET.
The dollar traded 0.68% lower against the yen, going for ¥152.8395 at 4:25 am CET.
