Hong Kong: Markets sank in Asian trade on Thursday as Wall Street’s record-breaking streak came to an end, while Tokyo was hit by a stronger yen as investors looked ahead to a Bank of Japan policy meeting.
Tokyo lost 0.64 percent, or 95.95 points, to finish at 14,973.53 and Sydney fell 0.46 percent, or 25.19 points, to 5428.8, while Seoul eased 0.15 percent, or 3.02 points, to 2,011.65.
Hong Kong slipped 0.35 percent, or 82.27 points, to 23,175.02 and Shanghai eased 0.16 percent, or 3.24 points, to 2,051.71.
Investors stepped back after global markets enjoyed a rally at the start of the week in response to upbeat data from the United States, China and Japan.
While there was a certain amount of profit-taking, analysts suggested some of the losses could be attributed to the World Bank’s decision to trim its 2014 global growth forecast to 2.8 percent from a January estimate of 3.2 percent.