Profit-Taking, Persian Gulf Views Blunt Asian Stock Markets

Fidelity
2026.04.28 10:57
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Asian stock markets declined on April 28, 2026, as traders took profits on tech stocks amid Middle East concerns. The Nikkei 225 fell 1%, driven by losses in AI and semiconductor sectors, while the Hang Seng Index dropped 1% due to lagging tech and property stocks. The Bank of Japan maintained its short-term policy rate at 0.75% and revised its CPI-core forecast to 2.8% for fiscal 2026, while GDP growth expectations were lowered to 0.5%. Other regional markets also saw declines, with the MSCI All Country Asia Pacific Index down 0.4%.