Singapore, May 25 (BNA): Asian stocks stumbled to a two-month low on Thursday, and the dollar rose as a deadlock in debt ceiling negotiations undermined risky assets amid concerns about a hit to the global economy if the US government. assumptions.
Reuters reported that MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.84% to 503.93, the lowest since March 21, and was on track to post losses for the second consecutive month.
Chinese stocks fell 0.53%, while Hong Kong’s Hang Seng fell 2% to its weakest level in 2023. Drops in those two markets weighed on MSCI’s Asia ex-Japan index, which includes top 10 constituents Tencent Holdings and Alibaba Group. Holding and AIA Group. and Meituan.
Tokyo’s Nikkei remained flat in the region and rose 0.25%.
The yen fell 0.08% to 139.56 per dollar, while the pound sterling was last traded at 1.234 dollars, down 0.19% on the day.
ZHB