As global Stocks Fall, Asia-Pacific's benchmark index erases all of its gains for 2023. The Asia-Pacific index hit a low of 155.44 in afternoon trade - marking a decline of more than a 9% from its Feb. 2 high of 171.26 and wiping out its gains for the year so far. In January, the index entered a bull market during the second trading week of the year, fueled by optimism from China’s reopening. Bank stocks in Japan declined sharply, weighing on the wider Topix, which led the sell-off in Asia-Pacific. The index closed 2.7% lower as financials dipped 4.65%.

The post As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023 appeared first on Balanced News Summary.