Hong Kong, Australia Lead Asian Equities Lower After Holiday
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Investors returned from Easter holiday in Hong Kong and Australia to send equities lower, leading declines in the Asia Pacific region.
The MSCI Asia Pacific Index dropped 0.5 percent as of 3:55 p.m. Singapore time. The Hang Seng Composite Enterprises Index in Hong Kong fell 1.6 percent to the lowest since Feb. 8, catching up with losses on mainland exchanges. Australia’s S&P/ASX 200 declined 0.9 percent as a continued slump in iron ore weighed on commodity producers.