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Asia Takes Drubbing

Asia-Pacific markets ended the day lower on Monday, with South Korea’s benchmark Kospi leading declines.

In Japan, the Nikkei 225 cratered 2,563.52 points, or 3.9%, to close the week’s first session at 64,024.60

In Hong Kong, the Hang Seng dropped 304.89 points, or 1.2%, to 24,657.06.

In other markets;

In Shanghai, the CSI 300 index docked 103.28 points, or 2.1%, to 4,713.64.

In Taiwan, the Taiex plummeted 1,568.16 points, or 3.5%, to 43,502.78.

In Korea, the Kospi index shed 676.18 points, or 8.3%, to 7,484.41.

In Singapore, the Straits Times 50 index subtracted 86.29 points, or 1.7%, to 4,964.67.

In New Zealand, the NZX 50 dropped 123.73 points, or 0.9%, to 13,038.24.

Australian markets were closed for holiday.