On Thursday, Asian stocks were broadly down after the report that the U.S. Federal Reserve is planning to raise a hike in interest rates ahead to keep the economy of the States steady.
In China, overall markets were largely in negative territory as the Shanghai Composite fell by 1.99 percent and the Shenzhen Composite slipped 1.675 percent. The Hang Seng index of Hong Kong also dropped by0.15 percent.
The Nikkei 225 of Japan fell by 0.49 percent, whereas the Topix index was lower by 0.24 percent. The export data of Japan showed that the exports have fallen down for the first time in September since 2016. It came into being as shipments declined to China and the United States. Now, it has added to concerns about the impact of ongoing Sino-U.S. trade conflicts.
However, an executive economist, Kazuo Momma of Mizuho Research Institute told that natural disasters have caused disruption in the supply chain of various productions as well as to the transport in the previous month. He also added that there is a high possibility about some practical bounce back in October and November ahead.
In South Korea, the Kospi slipped by 0.63 percent along with chipmaker shares SK Hynix, which fell by around 2 percent. Meanwhile, the ASX 200 of Australia was largely flat after recovering its losses. The financial index was also in positive territory as traded higher by 0.45 percent.
The U.S. dollar index against a basket of major currencies was at 95.657 after following 95.2 mark of yesterday. The Australian dollar arrived at $0.7132 after trailing a slide from 0.715 in the earlier session. The Chinese yuan was at 6.9351 against the dollar as weakened in the afternoon session whereas the Japanese yen traded at $112.52 as destabilized overnight from its 112 mark.