This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-30490435
The article has changed 6 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Asian markets caught in global rout | Asian markets caught in global rout |
(about 1 hour later) | |
Asian markets headed lower on Tuesday as falling oil prices heightened global growth fears and weighed on investors' risk appetite. | |
Leading the losses, Japan's benchmark Nikkei 225 lost 2% to close at its lowest level since 31 October. | |
The index was at 16,755.32, while the dollar was at 117.42 yen against 117.81 yen in New York trading. | |
Data showing China's manufacturing activity contracting in December weighed on shares in Hong Kong. | |
The HSBC/Markit manufacturing purchasing managers' index initial reading fell to 49.5 in December from November's final reading of 50. | |
The Hang Seng index was down 1.1% at 22,767.56, while the Shanghai Composite bucked the trend to rise 2.2% to 3,017.49. | |
Construction stocks got a boost after the country's top economic planning agency gave approval to plans for a second international airport in the capital Beijing. | |
The expansion will cost $12.9bn and is aimed at easing air traffic congestion at the capital's main airport. | The expansion will cost $12.9bn and is aimed at easing air traffic congestion at the capital's main airport. |
Shares of China State Construction Engineering rose 0.5%. | |
In Australia, shares closed at a 10-month low as falling commodity dragged down resources stocks. | |
The benchmark S&P/ASX 200 was down 0.7% to 5,152.3 - its lowest close since 6 February. It also marked the sixth consecutive session of declines. | |
South Korean shares fell, closing just above a two-month low. The Kospi ended down 0.2% at 1,904.13 points. |