"Asian Stocks" Asia-Pacific stock markets generally fell, South Korean stocks hit a new high, while Japanese and Taiwanese stocks retraced

Multiple banks in the U.S. disclosed issues with non-performing loans, causing the Dow Jones to drop on the night of the 16th, which affected stock markets in the Asia-Pacific region. After reaching a new high, South Korean stocks saw a significant narrowing of gains, while Japanese and Taiwanese stocks retreated.

The People's Bank of China conducted a seven-day reverse repurchase operation, net withdrawing 244.2 billion yuan in a single day. The Shanghai Composite Index closed at 3,877 points, down 39 points or 1%; the Shenzhen Component Index fell 260 points or nearly 2%, closing at 12,825 points. The Hang Seng Index in Hong Kong dropped 415 points or 1.6%, closing at 25,473 points, with a turnover of 153.2 billion yuan. The Taiwan Weighted Index fell 230 points or 0.8%, closing at 27,417 points. After announcing quarterly results, TSMC retreated 1.7%, while Hon Hai and MediaTek rose 1.8% and 0.4%, respectively. Largan Precision fell 1.8%.

Japan's Nikkei Average dropped 612 points or 1.3%, closing at 47,664 points. Semiconductor stocks retreated, with SoftBank down 2.8%, DISCO and Advantest falling 3.2% and 3.1%, respectively, and Screen Holdings down 4.6%. South Korea's Kospi index rose 7 points or 0.2%, closing at 3,755 points, having reached a new high of 3,794 points during the session. SK Hynix and LG Energy Solution rose 2.2% and 2.1%, respectively. India's Nifty 50 index rose 81 points or 0.3%, closing at 25,667 points. Mahindra & Mahindra rose 2%, Asian Paints rose 4.3%, and consumer stocks Hindustan Unilever and Nestlé India rose 1.4% and 1.3%, respectively.

Australia's S&P/ASX 200 index fell 73 points or 0.8%, closing at 8,995 points. Gold prices continued to hit new highs, with gold mining stock Newmont rising 3.1%, while BHP retreated 0.9%, and ANZ Group and Macquarie Group fell 1% and 1.2%, respectively. New Zealand's NZX 50 index fell 99 points or 0.8%, closing at 13,289 points.

Singapore's Straits Times Index fell 21 points or 0.5%, closing at 4,334 points. DBS Bank fell 0.9%, while Sembcorp Industries and Singapore Exchange fell 1.8%. Stock markets in Malaysia, Thailand, and the Philippines fell between 0.2% and 0.4%, Indonesia's stock market fell 2.2%, while Vietnam's Hanoi stock market rose 0.2% and Ho Chi Minh stock market fell 0.8%