Asia Stocks Start Lower to Extend Monday’s Selling

By Anonymous

0007 GMT — Asian stocks are lower following start-of-week declines on both sides of the Pacific. Lagging this morning are tech stocks following the Nasdaq’s 1.4% drop. Korea’s Kospi is down 0.5% to lead the declines, with chipmaker Hynix off a further 1%. Japan’s Nikkei dropped just 0.1% in its first action of the week, with the market getting a lift by the dollar-yen rate being in line with where the pair traded at the end of Tokyo stock trading on Friday. Benchmarks in both Australia and New Zealand, which outperformed yesterday in logging gains amid fresh trade worries (Trump overnight did announce fresh Chinese tariffs which begin next week), are both off 0.2%. S&P 500 futures, meanwhile, have fallen a further 0.4% since the close of Monday’s action.