Asian Markets Fall After Heavy Losses in U.S. Stocks
Asian markets fell in morning trade on Monday, with Japanese stocks slumping more than 3% after U.S. equities closed sharply lower on Friday.
Asian Market Shares
- MSCI’s broadest index of Asia-Pacific shares outside Japan was nearly flat.
- Japan’s Nikkei 225 slumped 3.1%,
- South Korea’s KOSPI fell 1.5%.
- China’s Shanghai Composite and the Shenzhen Component were both down 0.9%.
- Hong Kong’s Hang Seng Index slid 1.6%.
- Down under, Australia’s ASX 200 declined 1.2%.
- The US Dollar Index Futures was down 0.04% at 96.115.
- AUD/USD was up 0.00% to 0.7083, while AUD/JPY rose 0.10% to 77.89.
- Euro/pound: UP at 85.61 pence from 85.59 pence.
- Euro/dollar: DOWN at $1.1294 from $1.1306.
- Dollar/yen: DOWN at 109.79 yen from 109.93 yen at 2130 GMT on Friday.
- Pound/dollar: DOWN at $1.3193 from $1.3210.
On oil markets, the prospect of a global slowdown dug into prices, with both main contracts extending the losses of more than one percent suffered on Friday.
- Oil – West Texas Intermediate: DOWN 66 cents at $57.38 per barrel
- Oil – Brent Crude: DOWN 63 cents at $66.40 per barrel