Stock markets in Asia take a breather, Tokyo slows down after eight consecutive sessions of rise and leaves 0.79 percent on the ground. Hong Kong (-1.99%), Seoul (-1.12%) and Sydney (-1.14%) also fell. Traders are not scared, it is just "an overbought market" they comment with the Topix and the Nikkei having already gained 7 percent in the first two weeks of the year.
It's not the same for Hong Kong, which is at its lowest since 2022 as it awaits China's next economic data. "The possible escalation of geopolitical conflicts in the Red Sea is fuelling risk-off sentiment," said one analyst.
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