Asian markets shaky in early trade, financials lead declines

HONG KONG (MarketWatch) — Asian shares fell sharply early Tuesday, pacing a day of historic declines on Wall Street overnight, with financials, car makers and consumer electronics among the big decliners. South Korea’s Kospi index was the worst performer among leading benchmarks, falling 5.3%, while Japan’s Nikkei 225 dipped 4.8%, Australia’s S&P/ASX 200 dropped 2.4%, and New Zealand’s NZX-50 shed 2.9%. Shares of Japanese banking giant Mitsubishi UFJ Financial Group plunged 9.8%, Macquarie Group fell 7.2%, Toyota Motor Corp. gave up 7.1%, and Samsung Electronics dropped 4%. Markets in Hong Kong, China, Japan and South Korea were closed for public holidays Monday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

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