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TOKYO
Japanese share prices fell 2.23 per cent in morning trade on Wednesday, tracking overnight losses on Wall Street where there were renewed worries about problems in the banking sector, dealers said.
They said news that Japan's economy contracted in the second quarter of this year also dampened the mood, although it had been widely expected.
The Tokyo Stock Exchange's benchmark Nikkei-225 index lost 297.02 points to 13,006.58 by the lunch break. The broader Topix index of all first-section shares declined 26.46 points or 2.08 per cent to 1,244.96.
SHANGHAI
Chinese share prices opened down on Wednesday morning, led by declines in tourism companies as the market kept losing ground after a three-session sell-off streak, dealers said.
They said investors mostly stayed on the sidelines on a lack of fresh market-boosting policies, and weaker US stocks overnight also weighed on the market.
The benchmark Shanghai Composite Index, which covers A and B shares, was down 30.08 points or 1.22 per cent at 2,427.12.
The Shanghai A-share index lost 31.54 points, or 1.22 per cent, to 2,547.45, while the Shenzhen A-share index fell 6.68 points, or 0.92 per cent, to 721.23.
HONG KONG
Hong Kong share prices opened down 1.2 per cent on Wednesday, tracking falls on Wall Street, dealers said.
The benchmark Hang Seng Index fell 269.59 points at 21,371.30.
China Mobile was down 3.0 per cent on a continued selloff after target price cuts by some brokerages, while utility stocks outperformed with Hong Kong's largest power producer CLP Holdings up 0.7 per cent.
KUALA LUMPUR
Malaysian stocks eased on Wednesday, taking cue from the Wall Street which tumbled more than 1 per cent amid fresh concerns about credit-related losses, dealers said.
The Kuala Lumpur Composite Index dropped 0.43 of a point to 1,118.35. In the broader market, losers beat gainers 32 to 20 in a turnover of 42,000 lots.
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