Asia Markets: Asian markets pull back as crude prices continue to fall
Stocks drop in Tokyo, Hong Kong, Seoul
Asian markets slipped in early trading Wednesday, after stocks fell on Wall Street as oil prices continued to drop following Monday’s wild ride to record low prices.
fell 1.2% and Hong Kong’s Hang Seng Index
slid 0.7%. The Shanghai Composite
edged down 0.3% while the smaller-cap Shenzhen Composite
dipped 0.2%. South Korea’s Kospi
sank 0.9%, while benchmark indexes in Taiwan
were mixed. Australia’s S&P/ASX 200
On Tuesday, the Dow Jones Industrial Average
fell 631.56 points, or 2.7%, to end at 23,018, the S&P 500 index
lost 86.60 points, or 3.1%, to close at 2,736.56, with both benchmarks finishing at their lowest levels since April 7, according to FactSet data. Meanwhile, the Nasdaq Composite Index
retreated 297.50 points, or 3.5%, to end at 8,263.23, marking its lowest close since April 13.