Asian Markets Broadly Lower this Morning

By the afternoon during today’s Asian trade hours, the Asian markets were broadly lower. The losses track a six point selloff of the Dow Jones Industrial Average seen overnight during the North American trade hours.

The Asian benchmark in Japan, the Nikkei 225, was trading down over two percent. By the afternoon, Hong Kong time, this average was down 2.22 percent and the broader Topix was down over 2.1 percent.

In Japanese corporate news today, shares of Apple supplier Japan Display was down over 7.62 percent. The company said that it had a sixth straight quarter of operating losses. They also lowered their outlook.

In South Korea, the Kospi composite index was also down. Shares lost 0.82 percent. Shares of tech blue chip names sold off. Share of Samsung Electronics were down 2.1 percent and chip maker SK Hynix shed over 4.16 percent.

Chinese Markets Mixed During Asian Trade Hours and Australian Banks Fall Lower

The markets in China were mixed. In Hon Kong, the Hang Seng Index was down 0.1 percent. Shares of Tencent recovered some earlier losses to raise 0.37 percent. On the mainland, markets were higher, The Shanghai composite was up 0.11 percent and the smaller Shenzhen gained 0.769 percent.

In Australia, the benchmark ASX 200 was lower today. The market lost 1.71 percent. All sub-sectors were down. The energy sub-sector was down two percent. The heavily weighted financial sub-index was down 2.25 percent as banking names sold off.