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Asian stocks track Wall Street low

Asian stocks track Wall Street low

Asian stocks retreated yesterday, following losses on Wall Street amid rising concerns the markets have gotten ahead of economic realities.
Every major market slid into the red, with shares in resource companies hit after a steep fall in commodity prices overnight. Oil recovered only modestly in Asia to trade near US$79 a barrel, while the dollar was slightly weaker against the yen and euro following a sharp rise.
In Japan, the Nikkei 225 stock average fell 142.59 points, or 1.4 percent, to 10,220.03. Hong Kong's market, which was closed Monday, dropped 330.21, or 1.5 percent, to 22,259.52.
South Korea's Kospi shed 0.7 percent to 1,645.82 a day after new figures showed the country's economy, Asia's fourth largest, expanded at its quickest pace in seven years in the last quarter.
China's Shanghai index fell 61.20, or 2 percent, to 3,047.36. Australia's market lost 1.5 percent and India's Sensex was 0.2 percent lower.


Updated : 2021-06-22 12:54 GMT+08:00