Small BusinessAsian markets trade weak
Hang Seng is quoting at 20,332, down 530 points or 2.5%, and the Nikkei is at 10,554, lower by 313 points or 2.8%.
- Asian stocks fall for fourth day on China rate concern - Rolls-Royce aims to triple Asia sales in 2010 - Asian markets remain weak - Volatile markets end flat on global cues, realty stocks fall - IMF warns of excessive capital inflow in Asian economies - Rupee down 10 paise at 45.91/$
Straits Times is at 2,792, lower by 58 points or 2%, Seoul Composite has weakened by 48 points or 2.8% at 1,673 and Taiwan Weighted has shed 200 points or 2.4% at 7,927.47.
Shanghai Composite has lost 69 points or 2.2% at 3,089.
-------------------------------------------------------------------------------------------------(Updated at 0823am)
The Asian markets have opened in the negative, in line with their US counterparts.
The Hang Seng is at 20,513, weaker by 348 points or 1.6% and Nikkei is at 10,573, lower by 295 points or 2.7%.
Straits Times is at 2,811, down 39.9 points or 1.4%, Seoul Composite is at 1,688, lower by 33 points or 1.9% and Taiwan Weighted is at 7,966, down 161 points or 1.9%.
Shanghai Composite has shed 44 points or 1.4% at 3,114.