Home Business Asian markets fall, led by Hang Seng’s slide – MarketWatch

Asian markets fall, led by Hang Seng’s slide – MarketWatch

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Asian markets fell in early trading Thursday, following losses on Wall Street and turmoil in Hong Kong.

Stocks fell sharply in Hong Kong after protesters and police clashed throughout the previous day and night. At least 79 people were injured, Hong Kong officials said. Demonstrators were protesting a potential new extradition law with China, which they fear would erode civil liberties. Crowds of protesters on Wednesday blocked lawmakers from meeting to debate the law. Thursday began quietly, as downtown streets reopened heavy rain fell and discouraged crowds in the former British colony.

Hong Kong’s Hang Seng Index

HSI, -0.78%

  slid 1.5%. Stocks also fell in mainland China, with the Shanghai Composite

SHCOMP, +0.15%

  down 0.6%. Japan’s Nikkei

NIK, -0.50%

  fell 0.8% and South Korea’s Kospi

180721, -0.73%

  dropped 1%. Benchmark indexes in Taiwan

Y9999, -0.57%

 , Singapore

STI, -0.17%

  and Indonesia

JAKIDX, -0.22%

  were all either flat or down slightly. Australia’s S&P/ASX 200

XJO, +0.02%

  was down slightly.

Among individual stocks, Japan Display

6740, -8.96%

  plunged in Tokyo trading after its CEO announced he will step down amid additional restructuring measures. Nintendo

7974, -2.19%

  and oil producer Inpex

1605, -1.81%

  also fell. In Hong Kong, Tencent

700, -1.90%

  and property companies, such as Hang Lung Properties

101, -2.30%

 , retreated. Samsung

005930, -2.02%

  tumbled in South Korea, and Taiwan Semiconductor

2330, -2.44%

 declined in Taiwan. Beach Energy

BPT, -4.92%

  and Oil Search

OSH, -2.47%

  sank in Australia.

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