The IMF on Wednesday downgraded its forecast for Asia-Pacific to -2.2% in 2020 - “the worst outcome for this region in living memory”, the media reports said.
In Japan, the Nikkei 225 dipped 0.56% while the Topix index fell 1%. Mainland Chinese stocks were also lower by the afternoon, with the Shanghai Composite down 0.67% and the Shenzhen Component shed 0.9%.
Hong Kong’s Hang Seng index is marginally up, South Korea’s Kospi declined 0.73% and S&P/ASX 200 down 0.3%.
Overnight stateside, stocks dipped as investors continued to watch for developments in U.S. coronavirus stimulus negotiations. The Dow Jones Industrial Average slipped 97.97 points, or 0.4%, to closed at 28,210.82. The S&P 500 declined 0.2% to finish its trading day at 3,435.56 while the Nasdaq Composite shed 0.3% to close at 11,484.69.