Asia markets sink after Wall Street dives on rate hike fears; investors wait for Alibaba results [MSNBC.com]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: MSNBC.com
SINGAPORE — Major Asia-Pacific stock markets declined on Thursday, as Wall Street fell sharply with inflation datatriggering fears of a rate hikeMainland Chinese markets fell in the morning. TheShanghai compositeShenzhen componentHang Seng indexInvestors will be looking to tech giant Alibaba'sfirst-quarter and full fiscal year results that will be releasedHong Kong-listed sharesIn Japan, theNikkei 225Softbank GroupAustralia'sS&P/ASX 200Over in South Korea, theKospiMSCI's broadest index of Asia-Pacific shares outside JapanMarkets in India, Malaysia, Singapore and the Philippines were closed due to holidays.U.S. stocks slumped overnightThe Dow fell 681 points, or 1.99% lower, to notch its single-worst session since January. The blue-chip index clinched its worst day since February on Tuesday. The S&P 500 lost 2.1%, its biggest one-day drop since February, while the tech-heavy Nasdaq Composite slid 2.6%.The Labor Department reported that the prices American consumers pay for goods and se
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