Asian markets slide further

After having opened in the red, the Asian markets has lost further ground. Markets have turned jittery following the rescheduling of $59 billion debt payment by Dubai World – Dubai’s state-owned holding firm.

The Hang Seng slumped 765 points or 3.4% each to 21,445 and the Nikkei slipped 301 points or 3.2% to 9,081.
 
The Shanghai Composite Index tumbled 72 points or 2.2% to 3,098.

The Straits Times declined 72 points or 2.2% to 3,098. The Seoul Composite is down 75 points or 4.6% to 1,524 and Taiwan Weighted is at 7,490.91, lower by 248.25 or 3.21%.

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(Updated at 0816 am)

Continuing the previous day's correction, the Asian markets have opened weak.

Hang Seng is quoting at 21,544.57, weaker by 665.84 points or 3% and the  Nikkei is at 9,213.51, down 169.73 points or 1.81%.

Straits Times is at 2,762.22, down 30.62 points or 1.1%, Seoul Composite is at 1,559.56, lower by 39.96 points or 2.5% and the Taiwan Weighted is at 7,567.60, down 171.56 points or 2.22%.

Shanghai Composite is at 3,136.74, down 34.23 points or 1%.