Epic Research Update : Asian Markets Asian stocks were hit by a sell-off early Monday, with sentiment badly dented by Friday’s brutal terrorist attacks in Paris.
Nikkei loses 1 percent
A double whammy took Japan’s Nikkei 225 index down to its lowest level in about a week. Apart from the deadly attacks in Paris, traders also remained on the sidelines after preliminary figures for Japan’s third-quarter gross domestic product (GDP) showed the world’s third-largest economy slipping back into recession.
ASX drops 0.6 percent
Australia’s S&P ASX 200 index clawed back some losses and recovered its footing above 5,000 points in early trade, as oil and gold-related counters rose on the back of firmer commodity prices.
Kospi skids 1 percent
South Korea’s Kospi index hit a near two-month low at the open.
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