Epic Asian Market Update

[epicresearch]

Asian markets were trading lower due to weak global economic data and rating agency Moody’s downgraded 15 biggest global banks by 1-3 notches post US closing.

China’s Shanghai Composite was trading at 2,260.88, down 32 points or 1.40% and Hong Kong’s Hang Seng fell 196.31 points or 1.02% to 19,068.76.

Japan’s Nikkei 225 Average declined 47.09 points or 0.53% to 8,776.98 and Singapore’s Straits Times Index was down 12.24 points to 2,817.91.

South Korea’s Kospi Composite Index went down 37.97 points or 2.01% to 1,851.18 and Taiwan Weighted lost 70.29 points or 0.97% to 7,208.76.