Major indexes in the Asia Pacific fell 2 percent.
Major indexes in the Asia Pacific fell 2 percent after the S&P 500 set a new 2022 low. The Chinese yuan hit its weakest level since 2008.
Japan’s Nikkei 225 fell 2 percent, while the Topix index fell 1.37 percent.
Minutes from the Bank of Japan’s July meeting said several policy board members saw consumer inflation slowing in fiscal 2023 unless commodity prices continued to rise.
Hong Kong’s Hang Seng index fell 2 percent. In mainland China, the Shanghai Composite fell 0.44 percent, and the Shenzhen Component fell more than 1 percent.
MSCI’s most extensive index of Asia-Pacific shares outside Japan fell 1.12 percent. Kospi fell 2.1 percent in South Korea. In Australia, the S&P/ASX 200 lost 0.33%.