Asian shares mostly lower as recession fears deepen
Asian shares have fallen after Wall Street closed out a miserable September with a loss of 9.3%, the worst monthly decline since March 2020
BANGKOK (AP) — Asian shares were mostly lower on Monday after Wall Street closed out a miserable September with a loss of 9.3%, the worst monthly decline since March 2020.
Tokyo rose while other regional markets declined. Shanghai was closed for China’s weeklong National Day holidays.
Japan's Nikkei 225 index gained 0.6% to 26,100.68 after a Bank of Japan quarterly survey showed sentiment among manufacturers has darkened, reflecting rising costs, the weakening yen and lingering pandemic-related restrictions.
The headline measure for the “tankan,” measuring sentiment among large manufacturers, was plus 8, down from plus 9 the previous quarter. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive.
