The Hong Kong and Singapore markets staged a smart recovery to cut losses at close. The Hang Seng bounced over 1,000 points from the day's low of 19,387 to end at 20,672 - down 285 points. The Straits Times also pulled back smartly from a low of 2962 to settle at 3131 - down 21 points.The Shanghai Composite index was down 109 points at 4657.Updated at 1220 hrsAsian markets continued to wilt under selling pressure today.The Nikkei ended with a hefty loss of 875 points at 15,274. The Hang Seng has slumped 689 points to 19,984. The Straits Times index has tumbled 182 points to 2970. The Seoul Composite index has shed 54 points to 1638. The Taiwan Weighted has dropped 111 points to 8090.The Shanghai Composite index has declined 94 points to 4671.
