Japan fell more than 2.5 percent as China rebounds on trade hopes
Asia markets traded mixed on Friday following sharp declines in U.S. stocks overnight as a dire quarterly warning from Apple stoked fears of a slowdown in the global economy.
- Japan’s Nikkei 225 dropped 2.68 percent in afternoon
- Topix index fell around 1.9 percent with almost all sectors seeing declines.
- Nasdaq E-mini futures (NQc1) down 2.2 percent.
- Japanese conglomerate Softbank fell about 3.3 percent.
- Fast Retailing, the company behind the Uniqlo chain of apparel stores, declined nearly 6 percent.
- The Shanghai composite bounced about 1.81.
- Shenzhen composite and Shenzhen component jumped 2.24 percent and 2.409 percent, respectively.
- Hong Kong’s Hang Seng index extended gains to rise 1.3 percent.
- ASX 200 slipped almost 0.6 percent as many sectors saw losses.
- Australia and New Zealand Banking Group slipped 0.86 percent.
- Commonwealth Bank of Australia shed 0.42 percent.
- Westpac fell 0.48 percent.
- National Australia Bank declined by 0.46 percent.
- South Korea’s Kospi recovered from its earlier losses to gain 0.66 percent.
- Dow Jones Industrial Average plunged 660.02 points, or 2.8 percent, to close at 22,686.22
- S&P 500 shed 2.47 percent to finish at 2,447.89.
- Nasdaq Composite dropped 3 percent to close at 6,463.50.
- U.S. dollar index was at 96.328 after seeing a high above 96.8 earlier in the week.
- The Japanese yen, was traded at 108.32 against the dollar after rising sharply on Thursday to levels below 106.
- The Australian dollar was at $0.7028.