Asia-Pacific markets, Wall Street, industrial production, Hong Kong eases restrictions

Crimson clouds illuminate the skyline of Victoria Harbor on July 14, 2022 in Hong Kong, China.

Li Zhihua | China News Service | Getty Images

Asia-Pacific markets traded lower, paring Wall Street’s overnight losses as investors looked to the year ahead.

In Japan, the Nikkei 225 closed 0.94% lower at 26,093.67, while the Topix lost 0.72% at 1,895.27. South Korea’s Kospi fell 1.93% to 2,236.4 as the country’s retail sales plunged 1.8% in November, declining for the third consecutive month, reversing gains seen in the third quarter. S&P/ASX 200 Australia also fell 0.97% to close at 7,020.1.

Hong Kong’s Hang Seng index fell 0.97% in its final hour of trading – stocks are being closely monitored as they reopen today despite further easing of Covid restrictions. The city will release its trade data later in the day.

In mainland China, the Shanghai Composite fell 0.44% to 3,073.7 and the Shenzhen Component closed at 10,996.4.

The US government announced that starting January 5, airline passengers arriving from China, Hong Kong and Macau will be required to show a negative COVID test, regardless of nationality or vaccination status.

Overnight on Wall Street, major indexes closed lower as investors headed into the final trading days of 2022, with Apple weighing heavily on the Dow as it broke a key level and fell to a 52-week low .

— CNBC’s Tanya Machil, Alex Harring contributed to this report

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