All of the Asian markets are trading in red in early deals on Thursday amid worries about higher US interest rates and a global trade war between US-China prompted investors to sell risk globally. Meanwhile, the Japanese market declined following the overnight sell-off on Wall Street and as the safe-haven yen strengthened against the US dollar.
Nikkei 225 declined 929.14 points or 4.12% to 22,576.90, Hang Seng dipped 986.04 points or 3.91% to 25,207.03, Straits Times contracted 82.77 points or 2.71% to 3,048.71, Taiwan Weighted dropped 638.80 points or 6.50% to 9,828.03, KOSPI tumbled 78.75 points or 3.66% to 2,149.86, FTSE Bursa Malaysia KLCI slipped 34.59 points or 1.99% to 1,700.59, Shanghai Composite decreased 118.40 points or 4.54% to 2,607.44, and Jakarta Composite down by 108.01 points or 1.89% to 5,712.66.
