Asian shares fall amid interest rate and earnings worries

A man uses his phone next to a sign showing the numbers for the Hang Seng Index before the close, as Hong Kong shares fell on Monday, April 25, 2022. - AFP

SINGAPORE, April 25 (AP): Asian shares declined Monday after US stocks ended last week with a tumble as global markets' expectations for higher interest rates dominated investor concerns.

Japan's benchmark Nikkei 225 lost 1.9% to finish at 26,590.78. South Korea's Kospi slipped 1.6% to 2,661.59. Hong Kong's Hang Seng dropped 3.3% to 19,954.32, while the Shanghai Composite shed 3.7% to 2,972.62. Trading was closed in Australia for Anzac Day, a national holiday.