{"id":43820,"date":"2025-09-26T11:35:10","date_gmt":"2025-09-26T11:35:10","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/26\/asian-stocks-close-lower-on-friday-hang-seng-down-1-5-kospi-crashes-2-5\/"},"modified":"2025-09-26T11:35:10","modified_gmt":"2025-09-26T11:35:10","slug":"asian-stocks-close-lower-on-friday-hang-seng-down-1-5-kospi-crashes-2-5","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/26\/asian-stocks-close-lower-on-friday-hang-seng-down-1-5-kospi-crashes-2-5\/","title":{"rendered":"Asian stocks close lower on Friday: Hang Seng down 1.5%, Kospi crashes 2.5%"},"content":{"rendered":"
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Asian equity markets retreated on Friday, pressured by renewed concerns over US trade policy and uncertainty around the path of interest rates. <\/p>\n

The declines followed the Trump administration\u2019s announcement of a sweeping new round of tariffs, including 100 percent duties on imported branded pharmaceuticals, 25 percent on heavy-duty trucks, and 50 percent on kitchen cabinets. <\/p>\n

The measures will take effect on October 1.<\/p>\n

Investors were also awaiting a key US inflation reading later in the day, which could provide further signals on the Federal Reserve\u2019s interest rate trajectory after stronger-than-expected economic data earlier this week.<\/p>\n

Chinese and Hong Kong markets lead regional declines<\/h2>\n

Chinese stocks ended lower after Wall Street\u2019s overnight losses, with the Shanghai Composite Index slipping 0.65 percent to close at 3,828.11. <\/p>\n

The decline mirrored weakness in the S&P 500, which recorded its third consecutive session of losses.<\/p>\n

Hong Kong markets also came under pressure, with the Hang Seng Index falling 1.4 percent to 26,128.20, marking a weekly drop of 1.6 percent. The Hang Seng Tech Index slid 2.9 percent. <\/p>\n

Drug makers bore the brunt of selling after US President Donald Trump confirmed tariffs on branded pharmaceuticals.<\/p>\n

Biotech firm Wuxi Biologics sank 2.4 percent to HK$39.06, while affiliate Wuxi AppTec shed 3.3 percent to HK$107.60.<\/p>\n

Technology names also lost ground. Alibaba slipped 3.2 percent to HK$166.50, extending losses after touching an almost four-year high earlier in the week. <\/p>\n

Tencent dropped 0.9 percent, while Xiaomi slumped 8.1 percent to HK$54.65, erasing gains from its latest smartphone launch.<\/p>\n

Japan stocks slid sharply<\/h2>\n

Japanese markets finished mixed. The Nikkei average slid 0.87 percent to 45,354.99, though the broader Topix index managed a marginal gain, closing at a record high of 3,187.02. <\/p>\n

Pharma and chip-related stocks weighed heavily, with Sumitomo Pharma and Chugai Pharmaceutical down 3\u20135 percent, and Lasertec and Sumco plunging about 8 percent each.<\/p>\n

Other regional markets<\/h2>\n

South Korean shares also tumbled, with the Kospi falling 2.45 percent to 3,386.05, breaking below the 3,400 level for the first time in 10 sessions. <\/p>\n

Concerns over protracted tariff negotiations with the United States and profit-taking ahead of the Chuseok holiday added to the selling pressure. SK Biopharmaceuticals dropped 3.5 percent.<\/p>\n

Australian markets diverged from the broader region, buoyed by gains in resource stocks as copper prices climbed. <\/p>\n

The benchmark S&P\/ASX 200 rose 0.17 percent to 8,787.70, while the All Ordinaries gained by the same margin to 9,079.20. <\/p>\n

Indian equities extended their losing streak to a seventh straight session on September 26, with the Nifty slipping below the 24,700 mark.<\/p>\n

The Sensex closed 733.22 points, or 0.90%, lower at 80,426.46, while the Nifty fell 236.15 points, or 0.95%, to 24,654.70. <\/p>\n

On the Nifty, IndusInd Bank, Sun Pharma, Mahindra & Mahindra, Eternal, and Tata Steel were among the top laggards.<\/p>\n<\/p>\n<\/p>\n

The post Asian stocks close lower on Friday: Hang Seng down 1.5%, Kospi crashes 2.5%<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Asian equity markets retreated on Friday, pressured by renewed concerns over US trade policy and uncertainty around the path of interest rates. The declines followed the Trump administration\u2019s announcement of a sweeping new round of tariffs, including 100 percent duties on imported branded pharmaceuticals, 25 percent on heavy-duty trucks, and 50 percent on kitchen cabinets. <\/p>\n","protected":false},"author":1,"featured_media":43821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-43820","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=43820"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/43821"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=43820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=43820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=43820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}