Drop in oil prices drag Asian markets; Taiwan sheds 3.5%

A more than $1 drop in oil prices dagged the Asian markets today.

The Hang Seng plunged 391 points (2%) to 18,499. The Nikkei dropped 96 points (1%) to 10,040.

The Taiwan Weighted shed 223 points (3.5%) to 6,225. The Straits Times dropped 58 points (2%) 2,319. The Seoul Composite. The Seoul Composite slipped 16 points (1%) to 1,412.

However, the Shanghai Composite rebounded to finally settle 46 points (1.5%) higher at 2,789.
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(Updated at 1101 hrs)


Asian markets continue to trade in red.

The Hang Seng has extended losses and is now down 284 points (1.5%) at 18,606. The Nikkei has slipped 76 points to 10,060.

The Taiwan Weighted dropped 228 points (3.5%) to 6,220. The Straits Times and the Seoul Composite have shed 1.5% each to 2,339 and 1,408, respectively.

The Shanghai Composite is flat at 2,739.
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(Update at 0815 hrs)

Asian markets are in the red this morning.

Falling tech and oil shares have dragged Japan's Nikkei down 68 points to 10,068, after crude prices dropped. The Hang Seng has dropped 44 points to 18,845.

The Taiwan Weighted has shed 141 points (2%) at 6,307. The Seoul Composite has declined 14 points (1%) to 1,414. The Straits Times is flat at 2,358.

However, the Shanghai Composite has added 21 points to 2,765.