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Asia-Pacific markets down

January 15, 2022 00:00:00

SINGAPORE, Jan 14 (CNBC): Stocks in Japan and South Korea led losses in major Asia-Pacific markets on Friday as the recent rally in US stocks broke momentum with the Nasdaq snapping a three-day winning streak.

Japan's Nikkei 225 fell 1.28 per cent to close at 28,124.28, while the Topix tumbled 1.39 per cent to 1,977.66. Autos and tech stocks declined. SoftBank was down 1.24 per cent, while Sony lost nearly 2 per cent.

South Korea's Kospi was down 1.36 per cent to close at 2,921.92 and Australia's ASX 200 dipped 1.08 per cent to close at 7,393.90, with bank stocks falling.

Hong Kong's Hang Seng index fell 0.32 per cent in the final hour of trade. The Hang Seng Tech index recovered from earlier losses to last decline 0.75 per cent, as Alibaba declined 2.5 per cent and JD fell 2.86 per cent.

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