Wednesday 7 August 2013

Asian markets trade lower; Nikkei plunges 2.2%

Asian stocks fell to their lowest since mid-July early on Wednesday following a second day of losses on Wall Street as uncertainty about when the Federal Reserve will start to reduce stimulus kept a leash on market bulls, reported Reuters.

Hong Kong's Hang Seng slipped 0.26 percent or 56.83 points at 21,866.87.

Japan's Nikkei plunged 2.28 percent or 328.91 points at 14,072.15.

South Korea's Seoul Composite declined 0.88 percent or 16.70 points at 1,889.92.

Taiwan's Taiwan Weighted fell 0.73 percent or 58.82 points at 7,980.09.

Singapore's Straits Times rose 0.44 percent or 14.16 points at 3,239.05.

China's Shanghai Composite was up 0.13 percent or 2.74 points at 2,063.24.

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