Asia markets were largely negative on Thursday, on the back of U.S. Federal Reserve Chairman Jerome Powell's comments on inflation after the central bank decided to increase interest rates.
In Japan, the Nikkei 225 plummeted 237.05 points, or 1%, to 23,796.74, with most sectors closing lower. The Japanese yen saw gains of 0.1% against the U.S. dollar at 112.59.
In Hong Kong, the Hang Seng Index dropped 101.20 points, or 0.4%, to 27,715.67.
The Hong Kong stock exchange saw another highly anticipated listing on Thursday with the public debut of investment bank China Renaissance.
The shares, which had an offer price of 31.80 Hong Kong dollars ($4.07 U.S.) per share, remained lower at HK$26.45 per share.
Korea bucked the overall trend, with shares of industry heavyweight Samsung Electronics advancing by 0.2%.
Australian markets fell, with shares of Commonwealth Bank of Australia lower by 0.1%. The Australian dollar weakened by 0.5% at $0.7222 U.S.
In other markets
In Shanghai, the CSI 300 lost 13.65 points, or 0.4%, to 3,403.59
In Singapore, the Straits Times STI index slipped 2.84 points, or 0.1%, to 3,236.26
Markets in Korea returned Thursday after an extended long weekend, with the Kospi gaining 16.26 points, or 0.7%, to 2,355.43
In Taiwan, the Taiex index recovered 60 points, or 0.6%, to 11,034.19
In New Zealand, the NZX 50 subtracted 63.45 points, or 0.7%, to 9,286.40
In Australia, the ASX 200 dipped 11.06 points, or 0.2%, to 6,181.22
