Asian share markets swept
lower Monday after Wall Street suffered its worst starting week in history and
doubts over Beijing's economic competence sent investors into the arms of the
safe-haven yen and sovereign bonds.
Commodities remained on the ropes as Brent crude oil shed
another 74 cents to $32.81 a barrel. U.S. crude was quoted 71 cents lighter at
$32.45.
Equity investors seemed less than reassured with the
Shanghai Composite Index and the CSI300 index both falling around 1 percent in
erratic early trade.
Nifty below 7500, Sensex sinks over 300 pts;
Tata Motors tanks Markets in Asia traded lower as worries over China and low commodity prices continue to dampen investor sentiments.
Chinese markets opened in negative territory with the Shanghai composite down 2.51 percent after losing all of its 2015 gains last week, falling by 9.97 percent in just five days. The Shenzhen composite was down 3.28 percent.
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