Stocks fall; Singapore, Malaysia inflation

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, Tuesday, February 6, 2018.

Brendon Thorne | Bloomberg via Getty Images

Asia-Pacific stocks fell on Friday as investors continue to weigh on the Federal Reserve’s aggressive stance.

In Australia, the S&P/ASX 200 fell 2.28% to its lowest levels since July when it returned to trade after a holiday Thursday. South Korea Kospi plunged 1.82% and the Kosdaq fell 2.49%.

that of Hong Kong Hang Seng Index lost 0.85%. Mainland China stocks were also lower, with the Shanghai composite lose 1.08% and the Shenzhen Component lose 1.769%.

MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 1.42%. Japanese markets were closed for a public holiday on Friday.

Elsewhere in Asia, inflation in Malaysia was in line with expectations, while Singapore’s consumer price index rose more than expected.

On Wall Street overnightStocks fell for a third straight day on fears of recession following the Fed’s latest 75 basis point rate hike.

The S&P 500 was down 0.8% at 3,757.99, while the Nasdaq Composite lost 1.4% at 11,066.81. The Dow Jones Industrial Average fell 107.10 points, or 0.3%, to 30,076.68.

– CNBC’s Samantha Subin and Sarah Min contributed to this report.

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