Asia-Pacific stocks fall; Bank of Japan rate decision ahead

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SINGAPORE — Shares in Asia-Pacific fell in Friday morning trade as investors await the Bank of Japan’s monetary policy statement.

The Nikkei 225 led losses among the region’s major markets as it dropped 1.31% in early trade, while the Topix index slipped 0.6%. South Korea’s Kospi declined 0.49%.

In Australia, the S&P/ASX 200 dipped 0.1%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% lower.

Looking ahead, the Bank of Japan is set to release its monetary policy statement at 11:00 a.m. HK/SIN on Friday.

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Overnight stateside, the S&P 500 shed 0.33% to 4,360.03 while the Nasdaq Composite dipped 0.7% to 14,543.13. The Dow Jones Industrial Average advanced 53.79 points to 34,987.02.

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