Asian shares sink, tracking Friday's retreat on Wall Street

BANGKOK — Shares were sharply lower in Asia on Monday after Wall Street ended last week with a broad retreat.

Japan's Nikkei 225 stock index tumbled 3.2 percent to 20,930.27, while the Shanghai Composite index declined 1.1 percent to 3,072.06. The Hang Seng in Hong Kong lost 1.8 percent to 28,583.60 and South Korea's Kospi declined 1.7 percent to 2,149.39. The S&P ASX 200 gave up 1.2 percent to 6,120.60.

Thailand's SET dropped 0.9 percent after a general election whose preliminary results suggested a strong result for the junta-backed proxy party, raising the likelihood the incumbent prime minister, Prayut Chan-ocha, may prevail with backing from a coalition.

Growth concerns were revived by weak factory data from Europe. Investors are awaiting China-U.S. trade talks that are due to resume Thursday in Beijing.

People also read these

Most Asian markets higher after new Wall Street...

Feb 15, 2017

Most Asian stock markets are higher after U.S. stock indexes climbed further into record territory

Asian stocks higher after Wall Street long weekend

Feb 21, 2017

Asian stock markets are mostly higher as investors look ahead to Fed minutes following a three-day...

Asian stocks slip as investors await Fed's likely...

Mar 15, 2017

Asian stocks fell Wednesday as the Fed met to decide on whether to hike interest rates in view of...

Asian markets mostly higher after Wall Street...

Mar 28, 2017

Asian stock markets are mostly higher after Wall Street sank on worries the Trump administration...

Asian stocks slide as Trump's mounting woes...

May 18, 2017

Asian stocks slide after big Wall Street losses as Trump's mounting political woes rattle investors

About Us

Biz Daily Online gives a complete understanding of the world of business to you. Get today’s business news and learn about the trends that are affecting every business here.

Contact us: sales[at]bizdailyonline.com

Subscribe Now!