Asia stocks mostly dip as the Bank of Japan keeps monetary policy steady

SINGAPORE — Stocks in major Asia-Pacific markets mostly declined on Thursday as investors reacted to central bank developments.

Hong Kong’s Hang Seng index led losses among the region’s major markets as it fell 1.56% to close at 24,340.85.

Mainland Chinese stocks were mixed on the day, with the Shanghai composite down 0.41% to approximately 3,270.44 while the Shenzhen component was above the flatline at about 13,015.19.

South Korea’s Kospi shed 1.22% to close at 2,406.17. Shares of LG Chem dropped 6.11%. The move came as the firm announced the splitting of its battery business. In a press release, LG Chem said a new corporation is expected to be “exclusively in charge of the battery business from December 1.”

Japan’s Nikkei 225 slipped 0.67% to close at 23,319.37 while the Topix index dipped 0.36% to end its trading day at 1,638.40.

In Australia, the S&P/ASX 200 fell 1.22% on the day

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