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Business News/ Photos / Bloodbath across Asian stock markets

Bloodbath across Asian stock markets

The Chinese dragon bears down on Asian markets creating a market mayhem

The Shanghai composite index tumbled 9% —China’s stocks plunged the most since 2007 as government support measures failed to allay investor concerns that a slowdown in the world’s second-largest economy is deepening. AFP

1/5The Shanghai composite index tumbled 9% —China’s stocks plunged the most since 2007 as government support measures failed to allay investor concerns that a slowdown in the world’s second-largest economy is deepening. AFP

Japan’s Nikkei 225 stock index dropped 4.6%. The biggest five-day retreat for Japanese equities since the aftermath of the March 2011 earthquake, tsunami and nuclear disaster, saw the Topix index take losses since an Aug 10 high to more than 12%. Bloomberg

2/5Japan’s Nikkei 225 stock index dropped 4.6%. The biggest five-day retreat for Japanese equities since the aftermath of the March 2011 earthquake, tsunami and nuclear disaster, saw the Topix index take losses since an Aug 10 high to more than 12%. Bloomberg

Hong Kong’s Hang Seng index fell 7.6% as a result of the Chinese meltdown. Reuters

3/5Hong Kong’s Hang Seng index fell 7.6% as a result of the Chinese meltdown. Reuters

Seoul shares had their sharpest daily percentage loss in more than 3 years on Monday. The Korea Composite Stock Price Index (KOSPI) ended down 2.5%, to 1,829.81 points, its biggest percentage fall since June, 4, 2012.  Reuters

4/5Seoul shares had their sharpest daily percentage loss in more than 3 years on Monday. The Korea Composite Stock Price Index (KOSPI) ended down 2.5%, to 1,829.81 points, its biggest percentage fall since June, 4, 2012. Reuters

In India, the Sensex dived 1,000 points as China fuels a global sell off.  The rupee weakened past the 66 mark against the US dollar as a sharp fall in Chinese equity markets hurt sentiment in emerging markets. Reuters

5/5In India, the Sensex dived 1,000 points as China fuels a global sell off. The rupee weakened past the 66 mark against the US dollar as a sharp fall in Chinese equity markets hurt sentiment in emerging markets. Reuters

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