Customers dine at Izakaya restaurants in the Ameyoko shopping street on July 27, 2023 in Tokyo, Japan. Japan's core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years.
Tomohiro Ohsumi | Getty Images News | Getty Images
China led losses in Asia-Pacific on Thursday, followed by Japan stocks which resumed trading after an extended New Year's holiday during which the country witnessed an earthquake and an accident involving Japan Airlines.
China's CSI 300 index fell 0.92% to 3,347.05, while Hong Kong's Hang Seng index inched up 0.06% by the last hour of trading.
Japan's benchmark Nikkei 225 shed 0.53% to close at 33,288.29, but the broader Topix reversed losses to close 0.52% higher at 2,378.79, as Japan kicked off its first day of trade in 2024.
Markets in Asia also took cues from global stocks after minutes of the U.S. Federal Reserve's meeting in December showed interest rate cuts were likely in 2024, but provided little clarity on when that might happen.
South Korea's Kospi ended down 0.78% at 2,587.02, and the small-cap Kosdaq fell 0.61% to 866.25.
In Australia, the S&P/ASX 200 retreated further, losing 0.39% to close at 7,494.1.
Stocks in India, however, bucked the trend, with the Nifty 50 index adding 0.7% after falling for two straight sessions.
On Friday in the U.S., all three major indexes lost ground after the Fed minutes revealed officials concluded that interest rate cuts were likely in 2024, though they appeared to provide little in the way of when that might occur.
The Dow Jones Industrial Average dropped 0.76%, while the broad-market S&P500 lost 0.8%. The Nasdaq Composite lost 1.18%, marking its fourth consecutive losing day.
— CNBC's Lisa Kailai Han and Samantha Subin contributed to this report
China leads losses in Asia as investors assess Fed minutes - CNBC
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