A woman walks past Exchange Square which houses the Hong Kong Stock Exchange in Hong Kong on April 27, 2022. (AFP file photo)
Asian markets posted big early losses Thursday, after Wall Street suffered one of its worst batterings in two years in the previous session.
Downcast earnings reports from retailers had exacerbated worries about consumer resilience and corporate profitability Wednesday, sparking a rough day’s trade.
On Thursday morning, Hong Kong was down by more than three%, while Tokyo was down by about 2.5%.
Among the biggest losers in Hong Kong was Chinese tech giant Tencent, whose stocks fell more than eight% on lacklustre first-quarter results.
Elsewhere in the region, Australia posted its lowest jobless rate in 48…
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