Tuba Ongun
31 May 2023•Update: 31 May 2023
ANKARA
Asian stock exchanges ended Wednesday with declines as weaker-than-expected economic data weakened investors' confidence.
The Asia Dow, which includes blue-chip companies in the region, dropped 1.98% to 3,344 points as of 1115GMT.
Tokyo's Nikkei 225 fell by 1.41% to close at 30,887 points, retreating further from 33-year highs.
Earlier, Japan's Economy, Trade and Industry Ministry announced that the country’s industrial output unexpectedly fell in April for the first time in three months.
Industrial production declined 0.4% from a month earlier following two consecutive months of growth.
The country’s retail sales grew 5% year-on-year in April, below market forecast.
Meanwhile, the Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong exchange, fell 1.94% to 18,234 points.
India's Sensex index declined 0.55% to 62,622 points and the Singapore index dropped 0.90% to 3,158 points.
China's Shanghai Stock Exchange lost 0.61% to 3,204 after data showed that Chinese manufacturing activity contracted further in May.
The country’s NBS Manufacturing Purchasing Managers Index (PMI) surprisingly decreased to a five-month low of 48.8 in May from 49.2 in April, missing expectations.
It was the second consecutive month of contraction in manufacturing activity, amid weak domestic and overseas demand.
