News Snapshot:
Asia-Pacific markets mostly fell after Wall Street's losses overnight as investors weighed headwinds for the economy in 2023. Hong Kong's Hang Seng index added 2.43% as trade resumed after the holiday weekend – investors further digested China's announcement to scrap quarantine requirements for travelers, reopening faster than expected. In mainland China, the Shanghai Composite dropped fractionally and the Shenzhen Component dipped 0.72%. The offshore yuan was little changed and last stood at 6.9689 against the U.S. dollar.
