Asia-Pacific markets fall with Hong Kong’s shares continue to see sharp losses

Asia-Pacific markets fall with Hong Kong’s shares continue to see sharp losses

Asia-Pacific markets fall with Hong Kong’s shares continue to see sharp losses. Asia-Pacific stocks were largely lower during the Thursday trade. Casino shares in Hong Kong mostly saw a drop amid regulatory fears.

Wynn Macau’ shares in Hong Kong fell 5%, Sands China dropped 6.65% and Melco International Development tumbled 4.47%. However, Galaxy Entertainment Group rose 1.4%.

Hong Kong’s broader Hang Seng index declined by 1.97%. In the mainland Chinese market, the Shanghai Composite tumbled 0.68% while the Shenzhen component dropped 1.258%.

Over in Japan, the Nikkei 225 were down about 0.8% while the Topix index lost 0.51%. South Korea’s Kospi fell 0.74%.

In Australia, the S&P/ASX 200 advanced 0.53%.

Thursday’s data shows, Australia’s unemployment rate plunged to 4.5%, below the 4.9% forecast in a Reuters poll. 

The Dow Jones Industrial Average gained 236.82 points to 34,814.39, the S&P 500 advanced 0.85% to 4,480.70. The Nasdaq Composite added 0.82% to 15,161.53.

U.S. jobless claims data will be released on Thursday. Economists polled by Dow Jones expects a total of 320,000 Americans filed for unemployment insurance in the week finished Sept. 11.

The U.S. dollar index traded at 92.518 after tumbling from above 92.8 earlier in the week. The Japanese yen reached 109.29 per dollar, stronger than levels above 110 seen against the greenback earlier this week. The Australian dollar was at $0.7324, above $0.735 that was seen earlier this week.

Oil prices jumped in Asia’s afternoon trading hours. International benchmark Brent crude futures gained 0.24% to $75.64 per barrel and U.S. crude futures climbed 0.25% to $72.79 per barrel.