Regional markets slide

Business | 13 May 2021 8:40 am

Leading Asia-Pacific stock markets declined in early trade on Thursday, as Wall Street fell sharply with inflation data triggering fears of a rate increase, CNBC reports.

In Japan, the Nikkei 225 slid by 1.51 percent in early trade , while the Topix fell by 0.78 percent. Shares of Softbank Group dropped by  around 6 percent after the company declined to extend its buyback program, according to Reuters.

Australia’s S&P/ASX 200 edged down by 0.54 perent. Bank stocks were mostly in negative territory.

Over in South Korea, the Kospi fell by 0.7 percent.

Markets in India and Singapore are closed on Thursday due to holidays.



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