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Japan Breaks 34K Barrier

Asia-Pacific markets mostly fell Wednesday, with China’s CSI 300 closing at near five-year lows, though Japan defied the trend to extend its 33-year high.

In Japan, the Nikkei 225 popped 678.54 points, or 2%, to 34,441.72, its highest level since March 1990.

In Hong Kong, the Hang Seng index lost 92.74 points, or 0.6%, to 16,097.28.

Korea’s market went south as the country’s unemployment rate hit a 23-month high.

Australia’s weighted consumer price index — defined as the weighted average CPI of Australia’s eight capital cities — climbed 4.3% year on year, slightly lower than the 4.4% increase expected from a Reuters poll.

In other markets

In Shanghai, the CSI 300 dipped 15.37 points, or 0.5%, to 3,277.13, hitting its lowest level since Jan. 31, 2019.

In Singapore, the Straits Times Index fell 18 points or 0.6%, to 3,179.96.

In Taiwan, the Taiex slumped 69.86 points, or 0.4%, to 17,465.63.

In Korea, the Kospi index backtracked 19.26 points, or 0.8%, to 2,541.98.

In New Zealand, the NZX 50 dropped 75 points, or 0.6%, to 11,769.40.

In Australia, the ASX 200 slid 52.06 points, or 0.7%, to 7,468.46.