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-33671459

The article has changed 11 times. There is an RSS feed of changes available.

Version 3 Version 4
Asia shares down on poor US week China shares tumble more than 5%
(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 largely lower on Monday with China's main share index leading the fall.
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 opened the week after losses on Wall Street on Friday as well as weak manufacturing data from the world's second largest economy, China.
The mainland's benchmark index, the Shanghai Composite, was down 1.4% to 4,015.89 points. The Shanghai Composite tumbled 5.5% to 3,849.39 leading the region's trend.
Hong Kong's Hang Seng index traded 1.6% down at 24,731.69 points. Profit at China's industrial firms dropped 0.3% in June from a year earlier, the National Bureau of Statistics said on Monday,
In Japan, the country's benchmark Nikkei 225 index fell 0.4% to 20,471.20. IG market strategist Bernard Aw cautioned in a note that the surprisingly weak manufacturing data "added to worries that there could be further weakness in the Chinese economy, after the patch of recent economic data showed signs of stability".
Investor mood was also held back by the yen strengthening against the US dollar, making exports more expensive. Hong Kong's Hang Seng index traded 2.6% down at 24,476.03 points.
Traders are looking at a week of earnings, with Canon and online broker Monex to report results on Monday. Shares in Gome, one of China's biggest retailers, dropped by 13% on the Hang Seng after the company said it would buy retail assets from its controlling shareholder partly by issuing new shares.
Nissan, Panasonic and Nintendo will be among the big names reporting results later in the week. Earnings ahead
In South Korea, the Kospi index was down by 0.3% to 2,040.56 points. In Japan, the country's benchmark Nikkei 225 index closed the first day of the week 1% down at 20,350.10 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. Traders were looking ahead a week of earnings, with Canon and online broker Monex to report results on Monday.
Australian shares traded flat with sentiment weighed down by the ongoing slump in commodity prices. Nissan, Panasonic and Nintendo will be among the big names with earnings out later in the week.
The country's ASX/200 remained unchanged at 5,561.70 points. In South Korea, the Kospi index finished 0.4% down 2,038.81 points.
Daewoo Shipbuilding shares heavily fluctuated dropping as much as 4.5% and finishing the day 1.3% down on media reports suggesting poor earnings for its second quarter results.
Australian stocks beat the region's trend, closing slightly up by 0.3% at 5,582.40 points.
However, shares in mining company Atlas Iron fell 70% when the stock resumed trading after a four month-hiatus due to the collapse in iron ore prices.