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Asian stocks stumbled early Monday, as weaker energy prices and fresh manufacturing data out of China sapped risk appetite.
China’s Shanghai Composite index plummeted 1.6 percent, with heavyweight PetroChina leading the slide.
Japan’s Nikkei 225 index drifted lower as softer oil prices and looming PMI data from China dampen risk appetite.
South Korea’s Kospi index doubled losses an hour into trade, on the back of weaker blue chips. The index’s heaviest-weighted stock Samsung Electronics fell 1.3 percent, while Hyundai Motor tanked 3 percent.
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Posted in: Indian Market Tips
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