The Philippines' PSE Composite index has dropped 4% to 2,264. The Nikkei and Shanghai have declined over 1% each to 15,655 and 1,637, respectively.Kospi and SET Composite indices are the other prominent losers at 1,328 and 720, respectively.On the other hand, the Hang Seng, Straits Times and Karachi SE 100 have bucked the trend and are up marginally at 15,851, 2,423 and 10,956, respectively.All indices as of 10:30 hrs IST.