Asia markets traded lower after Wall Street’s sharp losses overnight; New Zealand hikes rates to 14-year high

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Japan -1.34%. Japan Services Producer Price Index (Jan.) +1.6% y/y (expected +1.5%).

Japan Reuters Tankan (February): Manufacturing index -5 (prior -6).

China -0.52%.

Hong Kong -0.32%. Hong Kong’s economy is expected to see a rebound of 3.5% to 5.5% in 2023, after