Shares in the Asia-Pacific were mixed on Tuesday after Wall Street sold off overnight on fears that the Fed will keep increasing interest rates.
Hong Kong's Hang Seng index was 0.75% lower in the final hour of trade, with the Hang Seng Tech index declining 2.04% – despite Beijing easing some Covid test requirements for the city. Markets rallied on reopening hopes on Monday. Meanwhile, the Shanghai Composite in mainland China closed fractionally higher at 3,212.53, and the Shenzhen Component was up 0.667% at 11,398.82.
In Australia, the S&P/ASX 200 fell 0.47% to 7,291.30 and the Australian dollar was at around $0.6720 after the Reserve Bank of Australia raised rates by 25 basis points.
The Nikkei 225 in Japan gained 0.24% to 27,885.87, and the Topix rose 0.12% to 1,950.22, while South Korea's Kospi dropped 1.08% to 2,393.16. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.32%.