Energy stocks, bank shares among losers
Major Asian stock exchanges sank on Wednesday on renewed investor concerns that a softening US economy and troubles with that country’s regional lenders could slow Asia’s growth.
The Stock Exchange of Thailand (SET) fell 1.4%, the biggest single-day drop in nearly a month, in early trade on Wednesday, tracking overnight losses on Wall Street ahead of the Federal Reserve’s decision on interest rates later in the day. The SET Index recovered later in the day.
Hong Kong’s Hang Seng led losses in the region, falling 1.18%, while South Korea’s Kospi and Australia’s S&P/ASX 200 dropped 0.91% and 0.96%, respectively. Markets were shut in Japan and mainland China for holidays.
Investors dumped big-cap energy stocks,…
