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Hong Kong’s Hang Seng index, which resumed trading today after being shut from Monday through Wednesday for the Lunar New Year holiday, opened down 4.2 percent before retracing some losses trade down 3.82 percent.
In South Korea, the Kospi re-opened lower after its three-day holiday, shedding 2.37 percent, with blue chip stocks such as Samsung Electronics and Posco down 3.01 and 2.76 percent, respectively.
The Nikkei 225 has been on a downward track in recent days, as the yen rapidly strengthened against the dollar. As of Wednesday’s close, the index had ended in the red for six of the past seven sessions, and was down 24.70 percent from its 52-week high set in June 2015.
In South Korea, brokerages took a hit, with shares of Samsung Securities falling 4.45 percent and Mirae Asset Securities dropping 4.61 percent.
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Posted in: Indian Market Tips
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