Stocks in Asia plummet amid recession fears; Japan falls around 3 percent
Monday, 25 March 2019 16:35 WIB | MARKET UPDATE |MSCI Asia PacificSaham Asia

Shares in Asia fell sharply on Monday after disappointing economic data from Europe and a closely-watched signal of potential recession in the U.S. appeared on Friday.

The broader MSCI Asia-ex Japan index fell 1.65 percent to 521.00, as of 3:28 p.m. HK/SIN.

The Nikkei 225 plunged 3.01 percent to close at 20,977.11, as shares of index heavyweights Softbank Group and Fanuc plummeted 5.01 percent and 3.84 percent, respectively. The Topix index also fell 2.45 percent to finish its trading day at 1,577.41.

Shares in mainland China tumbled on the day, with the Shanghai composite dropping 1.97 percent to 3,043.03 and the Shenzhen component declining 1.8 percent to 9,701.70. The Shenzhen composite fell 0.908 percent.

In South Korea, the Kospi declined 1.92 percent to close at 2,144.86 as chipmaker SK Hynix saw its stock plunge 4.2 percent.

In Australia, the ASX 200 fell 1.11 percent to close at 6,126.20.

Source: CNBC

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