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Asia shares down on poor US week Asia shares down on poor US week
(about 1 hour later)
Shares across Asia were in negative territory in early trading on Monday after a poor week on Wall Street.Shares across Asia were in negative territory in early trading on Monday after a poor week on Wall Street.
Markets also opened after manufacturing activity in the world' second largest economy, China, was at a 15-month low at the end of last week.Markets also opened after manufacturing activity in the world' second largest economy, China, was at a 15-month low at the end of last week.
The mainland's benchmark index, the Shanghai Composite, was down 1.4% to 4,015.89 points.The mainland's benchmark index, the Shanghai Composite, was down 1.4% to 4,015.89 points.
Hong Kong's Hang Seng index traded 1.6% down at 24,731.69 points.Hong Kong's Hang Seng index traded 1.6% down at 24,731.69 points.
In Japan, the country's benchmark Nikkei 225 index was 0.4% to 20,471.20 points. In Japan, the country's benchmark Nikkei 225 index fell 0.4% to 20,471.20.
Investor mood was also held back by the yen strengthening against the US dollar, making exports more expensive.Investor mood was also held back by the yen strengthening against the US dollar, making exports more expensive.
Traders are looking at a week of earnings, with Cannon and online broker Monex to report results on Monday.Traders are looking at a week of earnings, with Cannon and online broker Monex to report results on Monday.
Nissan, Panasonic and Nintendo will be among the big names reporting results later in the week.Nissan, Panasonic and Nintendo will be among the big names reporting results later in the week.
In South Korea, the Kospi index was down by 0.3% to 2,040.56 points.In South Korea, the Kospi index was down by 0.3% to 2,040.56 points.
Daewoo Shipbuilding shares heavily fluctuated in early trade dropping as much as 4% on media reports suggesting poor earnings for its second quarter results.Daewoo Shipbuilding shares heavily fluctuated in early trade dropping as much as 4% on media reports suggesting poor earnings for its second quarter results.
Australian shares traded flat with sentiment weighed down by the ongoing slump in commodity prices.Australian shares traded flat with sentiment weighed down by the ongoing slump in commodity prices.
The country's ASX/200 remained unchanged at 5,561.70 points.The country's ASX/200 remained unchanged at 5,561.70 points.
closed 0.7% down at 20,544.53 points.
In Seoul, the Kospi index
In Australia,
Australaina dollar at a six year low
weack chinese PMI
rexources iron ore steady, gold and oil still low