Epic Research Update : Asian Markets

Asian stocks declined early Tuesday, following a negative lead from Wall Street and as investors digested the slew of economic data out of China.

The benchmark Shanghai Composite index extended losses to ease 2.3 percent from the get-go.

In the previous session, the index closed down 0.8 percent to end down 12.5 percent for August, chalking up its third straight month of declines.

Hong Kong’s Hang Seng index opened down 0.5 percent on the first trading day of September, after registering its worst performance in nearly four years in August.

Japan’s benchmark Nikkei 225 index followed U.S. markets lower in early trade. A slight tick-up in the yen also hurt buying interest in export-oriented stocks.

South Korea’s Kospi index edged down, as most blue-chip plays kicked off the day on the back foot.

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Posted in: Indian Market Tips