All of the Asian counters are trading lower in early deals on Thursday amid the overnight sell off on Wall Street due to disappointing corporate earnings results and weak economic data. Concerns about geopolitical tensions, trade wars and global economic growth also dampened investors’ sentiments. China stocks edged lower amid a global sell-off, as fresh market-support measures by the Chinese government failed to ease investor worries about high leverage and the Sino-US trade war.
Nikkei 225 declined 739.07 points or 3.46% to 21,352.11, Shanghai Composite dropped 37.09 points or 1.45% to 2,566.21, Hang Seng dipped 455.18 points or 1.84% to 24,794.60, Straits Times contracted 32.59 points or 1.09% to 2,999.49, KOSPI Shares decreased 33.30 points or 1.61% to 2,064.28, Taiwan Weighted slipped 228.34 points or 2.40% to 9,531.06, Jakarta Composite tumbled 8.23 points or 0.14% to 5,701.19, and FTSE Bursa Malaysia KLCI down by 13.54 points or 0.80% to 1,676.50.
