Brendon Thorn | Bloomberg via Getty Images Asia-Pacific shares fell on Friday as investors continued to weigh the Federal Reserve’s hawkish stance. In Australia, the S&P/ASX 200 fell 2.28% in its return to trading after a break on Thursday. South Korea’s Kospi fell 1.82 percent and the Kosdaq fell 2.49 percent. Hong Kong’s Hang Seng lost 0.85 percent. Shares in mainland China were also lower, with the Shanghai Composite down 1.08% and the Shenzhen Component losing 1.769%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.42 percent. Japan’s markets remained closed for a holiday on Friday. Elsewhere in Asia, inflation in Malaysia came in at 4.7% in August, in line with expectations. Singapore is also expected to report August consumer price index data. On Wall Street overnight, stocks fell for a third straight day on recession fears after the Fed’s latest 75 basis point rate hike. The S&P 500 fell 0.8% to 3,757.99, while the Nasdaq Composite lost 1.4% to 11,066.81. The Dow Jones industrial average fell 107.10 points, or 0.3%, to 30,076.68. — CNBC’s Samantha Subin and Sarah Min contributed to this report.
