After having opened in the red, the Asian markets has lost further ground. Markets have turned jittery following the rescheduling of $59 billion debt payment by Dubai World – Dubai’s state-owned holding firm.
The Hang Seng slumped 765 points or 3.4% each to 21,445 and the Nikkei slipped 301 points or 3.2% to 9,081.
The Shanghai Composite Index tumbled 72 points or 2.2% to 3,098.
The Straits Times declined 72 points or 2.2% to 3,098. The Seoul Composite is down 75 points or 4.6% to 1,524 and Taiwan Weighted is at 7,490.91, lower by 248.25 or 3.21%.
____________________________________________________
(Updated at 0816 am)
Continuing the previous day's correction, the Asian markets have opened weak.
Hang Seng is quoting at 21,544.57, weaker by 665.84 points or 3% and the Nikkei is at 9,213.51, down 169.73 points or 1.81%.
Straits Times is at 2,762.22, down 30.62 points or 1.1%, Seoul Composite is at 1,559.56, lower by 39.96 points or 2.5% and the Taiwan Weighted is at 7,567.60, down 171.56 points or 2.22%.
Shanghai Composite is at 3,136.74, down 34.23 points or 1%.
