Asia extends global share slide

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Nikkei 225 Index

Last Updated at 20 Mar 2018, 06:45 GMT Nikkei 225 one month chart
value change %
21380.97 -

Asian shares ended lower on Friday, following big losses on Wall Street, after concerns about the health of the global economy worried investors.

US stocks marked their worst decline this year after the head of Europe's central bank said the region's economic recovery may be losing momentum.

In Japan, the Nikkei 225 fell 1.2% to 15,300.22 - its lowest in two months.

The Japanese yen strengthened against the US dollar to 107.79, with the yen seen as a haven currency by investors.

Investors were also concerned by weak trade data from Germany, which raised fears of a recession in Europe's largest economy.

Its exports fell 5.8% in August, the worst decline since January 2009, data showed on Thursday.

In Hong Kong, the benchmark Hang Seng index closed down 445.99 points at 23,088.54.

As well as worries over global growth, there was also concern that demonstrations could restart after the government cancelled talks with pro-democracy protest leaders.

On the mainland, the Shanghai Composite ended the day down 0.6% at 2,374.54.

Miners hit

In Australia, mining shares led the downward trend after China said it would levy import tariffs on coal and iron ore prices.

The S&P/ASX200 index ended the day down 108.43 points, more than 2%, at 5,188.25.

There was broad-based selling among mining stocks, with Rio Tinto and BHP Billiton both down by more than 2%.

South Korean shares resumed trading after being shut for a holiday on Thursday. The benchmark Kospi index closed down 1.2% at 1,940.92.

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