Business

Asian markets mixed after US shares slide

Nikkei 225 Index

Last Updated at 22 Sep 2017, 06:45 GMT Nikkei 225 one month chart
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Asian shares have had a mixed day following a sell-off on Wall Street as investors worry about how weak global growth will affect companies' earnings.

In the US, the S&P 500 fell more than 1% on Monday, marking its worst three-day decline since November 2011.

In Japan, the Nikkei 225 fell to a two-month low after being closed for a public holiday on Monday.

The benchmark fell 2.4% to 14,931.73 as a rise in the value of the yen affected shares in exporters.

The yen rose against the dollar to 107.10 after the US Federal Reserve hinted at delays in raising interest rates.

Chinese stocks were down despite stronger-than-expected September trade figures released on Monday.

On the mainland, the Shanghai Composite Index ended the session down 0.3% at 2,359.47, while the Hang Seng index closed 0.4% lower at 23,047.97, following Wall Street's losses.

In Australia, shares recovered even though a survey showed business confidence fell in September.

The benchmark S&P/ASX 200 closed up 1% at 5,207.4

Miners BHP Billiton and Rio Tinto were up 2.6% and 4% respectively as base metal prices rebounded.

Bucking the trend was shares in Australian online travel firm Wotif.com, which fell as much as 7% to three-week lows after the New Zealand Commerce Commission said it had delayed its ruling on Expedia's acquisition of the company.

In South Korea, the Kospi closed up 0.1% at 1,929.25 to end a three-day losing streak.

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