CAPITAL STROKE UPDATE: ASIAN MARKETS 3-Feb-2016

Capital Stroke : Asian Markets Asian stocks traded sharply lower on Wednesday, after Wall Street sold off as much as 2 percent overnight amid a plunge in oil prices. Japan’s Nikkei 225 dropped 3.66 percent, while the Topix fell 3.46 percent. Across the Korean Strait, the Kospi slumped 1.11 percent in morning trade. Chinese markets opened firmly down, with the Shanghai composite lower by 1.09 percent and the smaller Shenzhen composite falling 1.11 percent. Hong Kong’s Hang Seng index declined 3.32 percent, while Taiwan’s Taiex was down 0.89 percent. In China, the Caixin January services purchasing managers’ index (PMI) is due. It’s also the middle of Asia’s earnings season, with a number of notable companies releasing their figures later in the day, including Panasonic, Denso, Hitachi, Lenovo and South Korea’s Shinhan Financial Group. For more details visit: http://www.capitalstroke.com/ or contact on +91 - 9770570009